🚨 $XLM Short Liquidation Alert: $5.4K Liquidated at $0.35619! 🚨
Stellar (XLM) is heating up! This liquidation suggests strong buying pressure is entering the market, likely forcing short-sellers to close positions. Could this be the start of a big move? Let’s break it down step by step:
Key Levels to Watch:
Buy Zone: $0.3400 - $0.3550
This range has shown strong support recently. Consider entering if XLM pulls back here.
Target Levels:
Target 1: $0.3700
Target 2: $0.3850
Target 3 (High Risk): $0.4000
Stop Loss: $0.3300
To protect your capital, exit if XLM dips below this level, as it could indicate a trend reversal.
What’s Next for XLM?
The short liquidation at $0.35619 indicates bulls are stepping in, potentially driving the price higher. If volume continues to rise, we could see a breakout above $0.3700.
Key Tip: Monitor Bitcoin’s movement, as its price action often impacts the overall crypto market.
Stay sharp and trade wisely!
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