$XLM is retesting a key supply zone as the recent recovery begins to lose momentum.
Trading Plan: Short $XLM
Entry: 0.195 - 0.205
SL: 0.215
TP1: 0.190
TP2: 0.184
TP3: 0.178
The latest rebound has pushed price into a strong resistance area where sellers are starting to absorb buying pressure. Buyers are struggling to reclaim the upper structure, while downside liquidity remains exposed below the recent lows.
If this supply zone continues to hold and selling pressure increases, $XLM could rotate lower toward the listed targets.
Manage risk carefully, use appropriate position sizing, and avoid excessive leverage.
DYOR.
Trading Plan: Short $XLM
Entry: 0.195 - 0.205
SL: 0.215
TP1: 0.190
TP2: 0.184
TP3: 0.178
The latest rebound has pushed price into a strong resistance area where sellers are starting to absorb buying pressure. Buyers are struggling to reclaim the upper structure, while downside liquidity remains exposed below the recent lows.
If this supply zone continues to hold and selling pressure increases, $XLM could rotate lower toward the listed targets.
Manage risk carefully, use appropriate position sizing, and avoid excessive leverage.
DYOR.
