🚨 $XLM REJECTION AT $0.30 — RETEST & CORRECTION PHASE IN PLAY ⚠️📉
Stellar has faced strong rejection around the $0.30 zone, signaling that buyers were unable to sustain momentum above recent highs. This kind of rejection often leads to a short-term cooling phase where price retraces back into support areas to reset market structure.
📊 TRADE SETUP
Entry Range: NOW 📍
Target 1: $0.271 🎯
Target 2: $0.282 🎯
Target 3: $0.293 🚀
Stop Loss: $0.226 🛑
After the breakout failure, the market is now entering a retest and correction phase, where volatility usually increases and both bulls and bears fight for control. Until a clean reclaim of higher levels happens, price is likely to stay under pressure and rotate between liquidity zones.
From a trading perspective, this is now a watchlist-long setup, where traders look for reaction at lower levels rather than chasing the upside immediately. The focus is on how price behaves near support after this rejection.