🔍 Chart Analysis (XLM/USDT - 15m Timeframe) $XLM 🟠 Trend Overview: •The pair was previously in a clear downtrend, shown by the descending trendline. •A breakout above this trendline suggests a potential trend reversal or short-term recovery.
📦 Consolidation Zone: •Price has been moving sideways within a tight range (accumulation box) between 0.2327 (support) and ~0.2358 (resistance). •This indicates indecision and a possible preparation for a breakout.
📈 Breakout Potential: •If price breaks above 0.2358 with strong volume, a potential long entry could be made. •Next targets: 🥅 TP1: 0.2376 🥅 TP2: 0.2393 🥅 TP3: 0.2407
📉 Breakdown Risk: •If price fails to hold above 0.2327, it may retest lower support levels or continue the downtrend. •Consider stop-loss slightly below 0.2323 to manage risk.