$XLM Short Liquidation Alert!
A $10.058K short position was liquidated at $0.45776, signaling strong buying pressure as sellers were forced to exit.
What’s Happening?
Short Liquidation: Bears lost momentum, giving buyers control.
Bullish Momentum: Price is pushing higher, fueled by liquidations.
Key Levels to Watch
Resistance: $0.4700 – Breaking this could trigger a strong rally.
Support: $0.4500 – Buyers need to defend this zone to keep momentum.
What’s Next?
For Long-Term Holders: A close above $0.4700 may confirm further upside.
For Traders:
Look for a breakout above $0.4700 for potential long entries.
Use stop-losses below $0.4500 to protect against reversals.
Market Context
Further short liquidations could push the price higher. Watch for increased volume and bullish sentiment to confirm the trend.
XLM is gaining strength—keep an eye on $0.4700 for the next move up!