🚨 $XLM Short Liquidation Alert! 🚨
💰 Liquidation Value: $6.2168K
📈 Price: $0.42421
Stellar ($XLM ) has just triggered a short squeeze at $0.42421! This means short-sellers have been forced out of their positions, potentially fueling upward momentum. The market is heating up, and traders should prepare for the next big move. Let’s break it down.
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What’s Next for XLM?
This short liquidation indicates increased buying pressure. If bulls hold control, XLM could aim for higher resistance levels. However, if momentum fades, a correction may follow.
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Entry Plan (Buy Zone)
Buy Zone 1: $0.4200 – $0.4260 (buy near current levels if XLM shows strength here).
Buy Zone 2: $0.4100 – $0.4180 (wait for a dip to stronger support for a safer entry).
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Target Zones (Take Profit)
Target 1: $0.4350 (quick bounce target—first resistance).
Target 2: $0.4500 (psychological resistance level).
Target 3: $0.4700 (major breakout level if bullish momentum continues).
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Stop Loss
To minimize risk, place your stop-loss at:
$0.4050 (below key support to protect your position).
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Key Levels to Watch
1. $0.4200: Immediate support—XLM needs to hold above this level to stay bullish.
2. $0.4350: First resistance—breaking this level could trigger more buying.
3. $0.4050: Key support—if broken, XLM may see further downside.
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Pro Tips for Trading $XLM
Wait for Confirmation: Ensure XLM holds above $0.4200 with strong buying volume before entering.
Watch Volume: A surge in trading volume could signal a continuation of the uptrend.
Follow Market Sentiment: Broader market trends, especially in Bitcoin, could impact XLM’s momentum.
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💡 Final Thought: This short liquidation could ignite a strong move upward, but caution is key. Stick to your plan, use your stop-loss, and take profits strategically.
What’s your strategy—buying now, or waiting for a pullback? Let’s plan your trade!
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