🚨 XLM/USDT Technical Breakdown – 4H Chart Analysis 🚨
🔥 The Descending Triangle pattern is in full play on the 4-hour timeframe. XLM is forming lower highs and lower lows, showing clear signs of consolidation as it approaches the critical support zone.
📉 With the price currently hovering near the resistance line, the downtrend pressure is undeniable. Momentum is building, and the market looks primed for a decisive move.
2.⚡ Here’s the game plan: Once XLM tests and breaches its support line, we could witness a significant dump. This pattern screams bearish continuation, and the sellers are waiting for their moment to strike.
💡 RSI Divergence Insight – XLM/USDT Overbought Zone Alert! 💡
📈 Current RSI Reading: 89 way deep in the overbought territory! We all know the golden rule of RSI: when it surpasses 70, the market is screaming for a potential correction. And at 89 That’s a flashing sell signal!
💬 But there’s more , another RSI level at 58 indicates waning momentum, adding weight to the bearish divergence. Divergence like this is a crystal-clear warning, the trend could flip south any moment.
1️⃣ The price action shows exhaustion as it continues to struggle at resistance.
2️⃣ Combined with the descending triangle pattern, this overbought RSI further strengthens the downtrend narrative.
🔥 XLM/USDT Breakdown – Liquidity Magnet at $0.45! 🔥
📊 Diving into the XLM/USDT , it's crystal clear a liquidity cluster is forming around the $0.45 zone. And as seasoned traders know, liquidity zones act like magnets, pulling price toward them to capture stop losses and fill orders.
SIGNAL TYPE : Short
Entry: 0.4762 or Market Price
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1st Tp: 0.4564
2nd Tp: 0.4393
3rd Tp : 0.4182
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