#XLM — Breakdown to Range Lows, Structure Remains Weak
XLM has completed a full distribution move after the sharp upside spike and is now trading back near the range lows around 0.23. The structure shows consistent lower highs and lower lows, with no meaningful demand response on recent bounces. Price is holding below prior value areas, indicating sellers remain in control and the current pause looks like bearish consolidation, not accumulation.
Trade : Short
Entry Zone: 0.235 – 0.245
Targets:
TP1: 0.220
TP2: 0.205
TP3: 0.185
Stop Loss: 0.258
Bearish continuation remains valid while price stays below the 0.25–0.26 resistance zone. A strong reclaim above this area would invalidate the bearish bias and suggest a possible base formation.
XLM
0.2311
-2.11%