📊 XLM/USDT Perpetual – Reversal Attempt in Progress
Current Price: $0.2985
Trend Summary: After a corrective pullback from local highs ($0.305), XLM is forming a rounded bottom structure with increasing volume near local support, suggesting a possible short-term bullish reversal.
🟢 Bullish Bias – Potential Long Setup on Breakout
📈 Entry (Long Idea):
Break above $0.3005 with confirmation (resistance flip)
🛑 Stop-Loss:
Below $0.2945 (just under local swing low & structure invalidation)
🎯 Take-Profit Targets:
TP1: $0.306 (prior local high)
TP2: $0.312 (resistance zone from May 12)
TP3: $0.319 (weekly resistance)
📊 Risk/Reward:
Potential R:R = 2:1 or better if breakout follows through cleanly
🔍 Technical Notes:
Rounded bottom forming post-dip — reversal pattern
Local demand holding ~$0.294
Volume building on green candles — early accumulation signal
Resistance at $0.3005–$0.302 is key to watch for breakout
⚠️ Invalidation:
Close below $0.2945 with strong volume could resume the downtrend — cut loss and reevaluate
📢 Signal Analyst: @RanaDanialBabar
🕰️ Timeframe: 1H (Intraday or 1-2 day swing opportunity)
