$XLM / USDT Breakout Play
Current Price: ~$0.2874
Breakout Status: Confirmed — cleared the falling channel resistance
Retest Zone: ~$0.26–$0.28 (former channel top = now support)
Next Target: $0.64 (+120%) — aligns with 2021 resistance / Fibonacci projection
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Why This Matters
Trend Flip: Breaking a multi-month downtrend is a major structural shift
Consolidation Above Breakout: Bullish behavior—if support holds, upside continuation likely
Volume: Watch for sustained inflows during consolidation—breakout follow-through is volume-dependent
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Trade Setup (DYOR / NFA)
Entry Zone $0.26–$0.28 (on retest)
Stop-Loss < $0.245 (below channel + MA cluster)
Targets T1: $0.42 → T2: $0.51 → T3: $0.64
R:R Potential 5–6:1 depending on entry/exit
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Confirmation Checklist
Bullish candles (engulfing or strong wicks) on daily
MACD crossing up
RSI holding above 50
BTC stability near $102K+ (macro sentiment driver)
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Final Thoughts
If XLM holds above ~$0.26–$0.28, this could be the early leg of a major trend reversal. The 120% target to $0.64 is not hopium—it’s technical structure backed by volume breakout logic.