$XLM/USDT – Rejection Confirmed, Bearish Setup in Play

Price: $0.2419 (+1.43%)

$XLM failed to push through the $0.2487 resistance and is now sliding back down. A bearish pattern is emerging on the 30-minute chart, with a clear series of lower highs forming. The short setup is shaping up cleanly.

Key Levels:

• Resistance: $0.2480 – $0.2500

• Support: $0.2380 / $0.2300

Short Trade Plan:

• Entry Zone: $0.2425 – $0.2445

• Targets:

– TP1: $0.2380

– TP2: $0.2320

– TP3: $0.2260

• Stop Loss: $0.2495

Market Outlook:

Selling pressure is gaining traction. The inability to sustain above $0.2450, combined with rising bearish volume, points to potential downside. A break below $0.2400 could accelerate the move lower.

Pro Tip:

Watch for a bearish engulfing candle or a rejection wick near $0.2440 on lower timeframes — ideal sniper entries for scalpers and short-term trades.

$XLM LM appears to be reversing.