Massive Liquidation Alert!
A whopping $63.8K in shorts just got liquidated on Stellar ($XLM ) as the price surged to $0.513!
This sudden move highlights the growing strength of XLM's upward momentum, shaking out bearish positions and fueling bullish sentiment.
What Could Happen Next?
The liquidation signals a strong breakout, but caution is key. Here's what to watch for:
Support Level: If $XLM holds above $0.50, it could confirm a new base for further gains.
Resistance Target: Bulls will aim for the next major resistance around $0.55.
Volume Spike: Keep an eye on trading volume. Sustained buying pressure could signal continued growth.
Opinion: The short-term trend looks bullish, but overextended rallies often face pullbacks. A retest of support levels might offer a safer entry point for long-term gains.
What’s your next move with XLM?
Will it continue to shine, or is caution the best strategy?
Let’s discuss!
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