$XLM Bears Crushed!
馃敻 Coin: Stellar ($XLM)
馃敻 Liquidation Type: Short
馃敻 Liquidated Amount: $63.9K
馃敻 Liquidation Price: $0.526
The bears just took a heavy hit, with a $63.9K short liquidation as Stellar Lumens ($XLM) surged to $0.526.
This explosive move underscores the growing bullish momentum behind $XLM , catching short sellers off guard in a dramatic market twist.
Market Breakdown:
Key Support: $0.510
Next Resistance: $0.550
Momentum:
Bullish; volume surging with strong upward pressure
The short squeeze could signal the start of a bigger move for XLM as the bulls aim to break the $0.550 level.
Will this liquidation fuel a rally to new heights, or will bears stage a comeback at critical resistance?
What Traders Should Watch:
A breakout above $0.550 could open the door to $0.600
Consolidation below $0.520 might indicate a cooling-off period
$XLM Takeaway: Stellar is lighting up the charts鈥攄on鈥檛 get left behind!
But remember, in a volatile market, smart risk management is everything.
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