đš$XLM XLM/USDT: Massive Pullback After Hitting $0.5374 â Whatâs Next? đš
$XLM is currently trading at $0.5104, down -14.35%, after a sharp rally to its local high of $0.5374. Despite the correction, the overall uptrend remains intact. Letâs analyze the key levels and scenarios ahead:
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đĄ Key Levels to Watch
Resistance: $0.5374 â A breakout above this level could push toward $0.5700 and beyond.
Support: $0.4638 â Holding this level is crucial for preventing further downside.
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đ Bullish Scenario
If rebounds from the $0.4638 support zone, it could retest $0.5300, with potential to reach $0.5700 if momentum sustains.
đ Bearish Risk
A breakdown below $0.4638 may lead to further declines, possibly testing $0.4000 as traders take profits.
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â ïž Pro Tip:
Monitor trading volume closelyârising activity near support could signal a bullish reversal. Use stop-loss orders to manage risk effectively.
đŹ Whatâs Your Strategy?
Are you buying the dip, or waiting for more clarity? Let us know in the comments!
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