$XLM The recent liquidation of $9.7859K at $0.36921 indicates strong bullish activity in the market. This suggests that sellers are losing momentum, and buyers are stepping in to drive the price higher. Let’s analyze the next possible moves for XLM (Stellar) based on technical indicators.

Market Sentiment.

The liquidation highlights a potential shift toward bullish momentum.

The price is showing resilience near the $0.36921 level, which may now act as support.

Technical Analysis.

Key Levels to Watch.

1. Support Zone (Buy Zone):

Primary Buy Zone: $0.3550 to $0.3650

Secondary Buy Zone: $0.3400 to $0.3500 (in case of a pullback)

2. Resistance Levels (Targets):

Target 1: $0.3800 (short-term resistance)

Target 2: $0.4000 (psychological level and strong resistance)

Target 3: $0.4200 (long-term target if bullish momentum continues)

3. Stop-Loss Levels:

Conservative Stop-Loss: Below $0.3500

Aggressive Stop-Loss: Below $0.3400

Possible Scenarios.

Scenario 1: Bullish Breakout

If XLM holds above $0.36921, it may rally toward $0.3800 and eventually $0.4000.

Look for strong volume and confirmation candles above resistance levels.

Scenario 2: Pullback to Support.

If XLM faces rejection at $0.3800, it could retrace to the buy zone between $0.3550 and $0.3650.

Use this pullback as a buying opportunity for the next move higher.

Scenario 3: Bearish Reversal.

If XLM breaks below $0.3500, bearish momentum may take over.

In this case, avoid entering long positions until a clear reversal signal is observed.

Trading Strategy.

Entry: Look for buying opportunities in the $0.3550–$0.3650 range.

Targets:

First Target: $0.3800

Second Target: $0.4000

Third Target: $0.4200

Stop-Loss: Set below $0.3500 for low-risk trades.

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