$XLM Long Liquidated!
A $1.08K long position on xlm was liquidated at $0.42403, signaling a bearish tilt in the market. This liquidation reflects weakening bullish momentum and an increase in sell-side pressure.
Key Insights:
Bearish Pressure: The liquidation suggests a struggle for buyers to hold support, exposing $XLM to further downside risks.
Support Levels in Focus: The price could test lower zones if bearish momentum persists.
XLM Technical Snapshot:
Resistance Level: $0.4300
Support Zone: $0.4200
Momentum: Bearish, with risks of continued declines
Will $XLM recover and regain momentum, or is further downside imminent? Monitor support levels and trading volume closely for signs of the next move!