Thrilling Update: Major $XLM Short Liquidation!

A whopping $6,159.9 worth of short positions were just liquidated at $0.45484, signaling high market activity and volatility.

What This Means:

Short liquidation happens when traders betting on a price drop are forced to exit due to rising prices.

This suggests bullish momentum, as buyers are dominating for now.

Support & Resistance Levels:

Support: $0.4400 (key zone where buyers could step in if price dips).

Resistance: $0.4700 (a potential area where selling pressure might increase).

What Should You Do?

1. If you're already holding XLM:

Consider holding for now but monitor resistance at $0.4700.

2. If you're planning to trade:

For buyers: If XLM holds above $0.4540, it might be a good entry for short-term gains.

For sellers: Wait for a rejection near $0.4700 to short with a stop-loss.

Next Move Suggestion:

Watch closely for a breakout above $0.4700 (could trigger further upward momentum).

Keep an eye on market sentiment and volume for confirmation.

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