šØĀ XLM/USDT Technical Breakdown ā 4H Chart AnalysisĀ šØ
š„ TheĀ Descending TriangleĀ pattern is in full play on the 4-hour timeframe. XLM is formingĀ lower highs and lower lows, showing clear signs of consolidation as it approaches the critical support zone.
š With the price currently hovering near theĀ resistance line, the downtrend pressure is undeniable. Momentum is building, and the market looks primed for a decisive move.
2.ā” Hereās the game plan: Once XLM tests and breaches itsĀ support line, we could witness aĀ significant dump. This pattern screams bearish continuation, and the sellers are waiting for their moment to strike.
š”Ā RSI Divergence Insight ā XLM/USDT Overbought Zone Alert!Ā š”
šĀ Current RSI Reading: 89 way deep in theĀ 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 Thatās a flashingĀ sell signal!
š¬ But thereās more , another RSI level atĀ 58Ā indicates waning momentum, adding weight to theĀ bearish divergence. Divergence like this is a crystal-clear warning, the trend could flip south any moment.
1ļøā£ The price action shows exhaustion as it continues to struggle at resistance.
2ļøā£ Combined with the descending triangle pattern, this overbought RSI further strengthens theĀ downtrend narrative.
š„Ā XLM/USDT Breakdown ā Liquidity Magnet at $0.45!Ā š„
š Diving into theĀ XLM/USDT , it's crystal clear aĀ liquidity clusterĀ is forming around theĀ $0.45 zone. And as seasoned traders know, liquidity zones act likeĀ 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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