$XLM
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XLM/USDT โ Rejection Confirmed, Short Setup in Play
Price: $0.2419 (+1.43%)
Stellar (XLM) tried to break above the $0.2487 resistance level but failed. Now the price is dropping quickly, forming a bearish pattern on the 30-minute chart with lower highs โ a classic sign of downward pressure.
Key Levels to Watch:
Resistance: $0.2480 โ $0.2500
Support Zones: $0.2380 and $0.2300
Short Trade Setup:
Entry Zone: $0.2425 โ $0.2445
Take-Profit Targets:
TP1: $0.2380
TP2: $0.2320
TP3: $0.2260
Stop-Loss: $0.2495
Market Insight:
Sellers are starting to take control. The price couldnโt stay above $0.2450, and bearish trading volume is rising. If the price falls below $0.2400, it could drop even further.
Pro Tip:
Watch for a bearish engulfing candle or a rejection wick around $0.2440 on lower timeframes โ these are ideal entry points for short-term or scalping trades.
Bottom Line:
The reversal is underway. Momentum is shifting in favor of the bears.
