🚨$XLM XLM/USDT: Massive Pullback After Hitting $0.5374 – What’s Next? 🚨
$XLM is currently trading at $0.5104, down -14.35%, after a sharp rally to its local high of $0.5374. Despite the correction, the overall uptrend remains intact. Let’s analyze the key levels and scenarios ahead:
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💡 Key Levels to Watch
Resistance: $0.5374 – A breakout above this level could push toward $0.5700 and beyond.
Support: $0.4638 – Holding this level is crucial for preventing further downside.
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📈 Bullish Scenario
If rebounds from the $0.4638 support zone, it could retest $0.5300, with potential to reach $0.5700 if momentum sustains.
📉 Bearish Risk
A breakdown below $0.4638 may lead to further declines, possibly testing $0.4000 as traders take profits.
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⚠️ Pro Tip:
Monitor trading volume closely—rising activity near support could signal a bullish reversal. Use stop-loss orders to manage risk effectively.
💬 What’s Your Strategy?
Are you buying the dip, or waiting for more clarity? Let us know in the comments!
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