Technical Analysis $XLM/USDT

#XLM/USDT is trading near a key support area at 0.3851,

representing a potential buying opportunity.

The price has bounced to the 0.618 Fibonacci level,

indicating a potential reversal area.

The first target (T1) stands at 0.6396,

in line with the previous corrective downtrend resistance,

while the second target (T2) stands at 0.8278,

indicating a significant upside potential.

A stop loss can be placed below 0.3723 to manage risk effectively.

The current consolidation supports a bullish breakout scenario with favorable risk-to-reward ratios.

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