📌 XLM/USDT Trading Idea – Stellar Shows Reversal Signals
Stellar ($XLM ) is one of the cryptocurrencies I am currently monitoring. After reaching a peak of 0.4047, it started to retrace towards a strong support zone. We observe positive interactions at the Fibonacci retracement level of 0.618, in addition to price stability near the daily moving average of 50-EMA, which are signals that may indicate a potential reversal.
🔹 Trading Plan:
Entry Zone: 0.3860 – 0.3890
First Target (TP1): 0.4170
Second Target (TP2): 0.4500
Stop Loss: 0.3670
⚡ As I mentioned in my previous posts, all trades currently are treated as scalp trades until proven otherwise, emphasizing the importance of risk management.
🚀 Stellar shows strength currently, and this scenario is worth monitoring.
Trade and buy Stellar here $XLM
