$XLM /USDT Trading Signal – Short Opportunity Amidst Bearish Momentum 🔻
Current Price: $0.3997 (-6.35%)
Signal: Short Position
Entry Range: $0.3985 - $0.4000
Take Profit Levels:
🎯 TP1: $0.3940
🎯 TP2: $0.3896
🎯 TP3: $0.3820
Stop Loss: $0.4075
Technical Observations:
Downtrend Confirmation: $XLM continues its bearish momentum, breaking below short-term support levels.
Key Resistance: The MA25 at $0.4145 is a strong resistance point, validating the short-entry strategy.
Support Levels: Immediate support at $0.3896. A break below this could lead to a sharper decline toward $0.3820.
Actionable Advice:
Consider opening a short position if $XLM maintains its bearish momentum below $0.4000. Manage risk by trailing the stop-loss as the price approaches lower take-profit levels.