Market Shake-Up: Massive $XLM Short Liquidation!
A whopping $2,940.8 worth of Stellar ($XLM shorts just got liquidated at $0.40274, signaling a potential bullish breakout as short-sellers are forced to exit their positions.
Stellar is showing strength, with buyers gaining the upper hand.
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Key Details:
Liquidation Type: Short
Amount Liquidated: $2.9408K
Trigger Price: $0.40274
Impact: Bullish momentum building up.
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What's Happening?
This short liquidation suggests that XLM bulls have overwhelmed bears at critical resistance, forcing short-sellers to close their positions.
With momentum shifting, XLM might continue pushing higher as traders pile on.
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Next Moves:
1. For Buyers:
Watch for a clean breakout above $0.405—this could signal an extended bullish rally.
Set targets at $0.42 and $0.44, with stop-losses near $0.395 to minimize risk.
2. For Sellers:
Avoid new shorts until momentum weakens. Look for rejection near $0.41-$0.42 to re-enter.
3. For Day Traders:
Use caution during high volatility. Look for volume confirmation to avoid false moves.
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$XLM is heating up! With shorts clearing out, all eyes are on whether this rally can sustain or if bears regroup to push back. Are you ready to ride the wave?
