Bullish Surge: $XLM Short Liquidation Signals Momentum Shift
A $1,236.6 short position was liquidated at $0.45613, highlighting a strong wave of buying pressure in $XLM .
This liquidation underscores a bullish sentiment as bears get forced out of the market.
Key Details:
1. Liquidation Level: $0.45613
2. Amount Liquidated: $1,236.6
3. Market Sentiment: Bullish, with buyers overpowering shorts.
Next Move:
Support Level: $0.450 – A key level for bulls to maintain momentum.
Resistance Level: $0.470 – Breaking this zone could trigger a sharp rally.
Suggested Stop-Loss Strategy:
For Longs: Place a stop-loss below $0.450 to protect against potential pullbacks.
For Shorts: Use $0.470 as a stop-loss to cap losses if the upward trend continues.
$XLM is gaining traction—prepare for volatility as buyers eye higher levels!