$XLM Bullish Reversal From Support Zone 🚀
Trade Setup: Long
Entry Zone: 0.2090 – 0.2120
TP1: 0.2220
TP2: 0.2295
TP3: 0.2380
SL: 0.2050
$XLM has reacted strongly from a key demand area after an extended decline, suggesting buyers are stepping back into the market. The recent impulsive green candle indicates a shift in short-term momentum and increases the probability of a continuation move higher.
Price is currently attempting to reclaim local resistance around 0.212–0.215. A successful hold above this region could transform it into support and open the path toward the next liquidity zones near 0.222 and 0.229.
The structure resembles an early-stage reversal pattern, with higher lows beginning to form after a prolonged period of selling pressure. Momentum remains constructive as long as the 0.205 support area continues to hold.
A breakout above recent swing highs could trigger additional buying activity and accelerate the move toward higher targets. Risk remains well-defined below support, while the current setup favors the bulls.
Trade Here On $XLM 👇