$XLM Liquidated Short: $202K at $0.454

What Happened?

A massive short position worth $202K on Stellar (XLM) was liquidated at $0.454.

This indicates unexpected bullish momentum, forcing short traders to exit their positions with losses.

What’s Next?

1. Price Direction:

XLM breaking $0.454 suggests upward momentum.

Next target could be $0.50 (psychological level).

However, if rejected, support might hold at $0.435.

2. Market Sentiment:

Liquidation of shorts shows buying pressure overpowering selling.

If whales continue accumulating, XLM may stay bullish.

3. Key Indicators to Watch:

RSI: Overbought levels could signal a pullback.

Volume: High buying volume confirms continuation.

4. Trade Strategy:

Long Trade: Look for entries above $0.46.

Short Trade: Only if XLM dips below $0.43.

Why is This Important?

Short liquidations often spark price surges as stop-loss triggers push prices up. Watching these events helps you spot profitable trends early.

Stay updated with XLM's next moves!

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