$XLM /USDT Short Trading Signal Consolidation Phase
$XLM /USDT is currently trading at $0.4761. The market is consolidating after rejecting resistance at $0.4800, showing potential for a breakout. Key levels to watch are outlined below:
Short Entry
Entry Range: $0.4740 - $0.4720
Target 1: $0.4680
Target 2: $0.4640
Stop Loss: $0.4805
Long Entry
Entry Range: $0.4780 - $0.4800
Target 1: $0.4840
Target 2: $0.4890
Stop Loss: $0.4700
Observations:
A break above $0.4800 could signal bullish momentum toward $0.4890.
Failure to hold $0.4740 support might lead to a drop towards $0.4640.
Keep an eye on 24h volume for confirmation of directional movement.
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1000SHIBUSDT
Perp
0.3296
-4.96%