$XLM recently tested the 0.238–0.239 zone but couldn't sustain its position, leading to a steady pullback. 📉 Price has since formed lower highs and shown weak rebounds, indicating limited buying strength. Current market structure reflects hesitation near minor resistance, with sellers still active on small upticks.
For a short-term scalp, downside continuation remains possible as long as $XLM stays below the 0.232–0.234 resistance zone. This plan focuses on range continuation and rejection, not a long-term position. A sustained move and hold above this resistance would invalidate the setup. 🙅♂️
📊 **Scalp Trade Plan for $XLM**
Trend: Bearish Continuation ⬇️
Entry Zone: 0.2290 – 0.2320
TP1: 0.2260
TP2: 0.2235
Stop Loss (SL): 0.2350
Leverage: 20x – 50x
Margin: 1% – 3%
💡 Risk Management Tip: Secure partial profits at TP1 and adjust your Stop Loss (SL) to the Entry price.
Short #XLM Here! 👇👇👇
XLMUSDT
