🚨 $XLM Short Liquidation Alert: $8.1462K at $0.42375! Is a Breakout Coming?
The market is buzzing as $8.1462K in shorts were liquidated at $0.42375, signaling increased bullish pressure on $XLM. Are you ready for the next move? Here’s your complete trading plan:
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Key Levels for $XLM:
1. Buy Zone:
$0.410 - $0.420
Look for opportunities to buy within this range if the price holds steady.
2. Target Levels:
First Target: $0.440
Second Target: $0.465
Extended Target: $0.500 (if momentum continues).
3. Stop Loss:
Set your stop loss at $0.405 to manage risk effectively.
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What’s Likely to Happen Next?
1. Bullish Scenario:
If $XLM stays above $0.42375 and breaks $0.430 resistance, expect a climb toward $0.440. A sustained push above $0.465 could take it to the psychological level of $0.500.
2. Bearish Scenario:
If $XLM fails to hold $0.420, the price might dip to $0.410 or lower, testing deeper support around $0.400.
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Why This Matters:
Short Liquidations = Bullish Signal: With bears getting squeezed, buyers might take control and drive the price higher.
Volume as a Clue: Watch for a spike in volume to confirm the next move.
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for Trading $XLM:
Wait for Confirmation: Don’t rush—look for signs of strength around $0.42375 before entering.
Avoid FOMO: Stick to the buy zone and don’t overextend above $0.440 without confirmation.
Set Alerts: Use alerts for $0.430 and $0.410 to react quickly to price action.
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⚡ is heating up—are you ready to ride the wave? Stick to your plan, trade smart, and let me know if you need further insights!
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