Yello Paradisers are you prepared for the next major move on XLM, or are you walking straight into the bull trap? We’re now approaching a critical decision point on XLMUSD that could shake out a lot of traders who are only reacting instead of planning. Here's exactly how we're playing it, step by step.
💎#XLMUSDT is currently trading inside a descending channel. As of now, we see a high-probability scenario where the price gets rejected from the descending resistance, setting up an ideal short opportunity with the current structure still favoring sellers. Should this rejection play out, we expect a breakdown of the moderate support level, with our target set at the $0.1970 zone.
💎Adding more weight to this bearish outlook is the fact that XLM is trading below both the 50 EMA and 200 EMA. This technical alignment confirms broader weakness in the trend and reinforces that any breakout attempts at this stage are likely to be reactive rather than sustainable simply small retracements within a dominant bearish macro setup.
💎However, if price fails to respect the descending resistance and pushes higher, our next major decision area is the supply zone at $0.2537. At that point, as always, we’ll wait with full discipline for confirmation. We’ll be watching closely for clear bearish reversal patterns, such as an Evening Star or a Shooting Star, before taking action. Only a strong and confirmed breakout above the $0.2537 level would invalidate our bearish outlook and shift the market structure into bullish territory.
Stay focused, Paradisers. Be the hunter, not the hunted.
MyCryptoParadise
iFeel the success🌴
💎#XLMUSDT is currently trading inside a descending channel. As of now, we see a high-probability scenario where the price gets rejected from the descending resistance, setting up an ideal short opportunity with the current structure still favoring sellers. Should this rejection play out, we expect a breakdown of the moderate support level, with our target set at the $0.1970 zone.
💎Adding more weight to this bearish outlook is the fact that XLM is trading below both the 50 EMA and 200 EMA. This technical alignment confirms broader weakness in the trend and reinforces that any breakout attempts at this stage are likely to be reactive rather than sustainable simply small retracements within a dominant bearish macro setup.
💎However, if price fails to respect the descending resistance and pushes higher, our next major decision area is the supply zone at $0.2537. At that point, as always, we’ll wait with full discipline for confirmation. We’ll be watching closely for clear bearish reversal patterns, such as an Evening Star or a Shooting Star, before taking action. Only a strong and confirmed breakout above the $0.2537 level would invalidate our bearish outlook and shift the market structure into bullish territory.
Stay focused, Paradisers. Be the hunter, not the hunted.
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。