$XLM Short Liquidation: Refers to a short liquidation event involving Stellar cryptocurrency. Traders who had bet on price going down (short positions) were forced to close their positions when the price rose.
$1.4517K: This indicates the amount of money involved in the short liquidation, which equals $1,451.70.
At $0.40416: This is the price level of $XLM at which the liquidation happened.
Therefore, shorts were liquidated when the price reached $0.40416, resulting in a liquidation value of $1,451.70. This suggests that the price of increased, forcing traders with short positions to close those positions, thus causing the liquidation.
#MarketCorrectionBuyOrHODL #Stellar($XLM/USDT) is trading in a corrective downtrend, holding strong support at $0.3851. Indicators point to a strong bounce from this level, with upside targets at $0.6396 and $0.8278. Holding this support would be an ideal entry point for a long position.
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