🔥 $XLM Bears Worn Out at the Bottom – Bounce Time?
Whew, $XLM's hunkered down near these local lows, still got that bearish hangover from the dumps, but it's consolidating like it's plotting a comeback. Not screaming bull yet, but the air feels... lighter?
*Volume's Telling a Relief Story: Those klines? Big red slashes came with volume explosions, like that 1.29B frenzy – pure seller purge, capitulation city. Now? Volumes chilling at 160-200M, way tamer. Feels like the panic's fizzling, market catching its breath in this sideways grind.
*Flows: Spot's Sneaking In, Futures Flushing the Junk: Spot's got that quiet accumulation glow – +483K over 12H, +270K in 24H, whales nibbling these cheapies (mild bull wink). Futures? Oof, -290K daily, -649K in 3 days, -5M over 5 days – leverage getting wrecked, classic contrarian green light when the weak hands bail.
My Bet for $XLM : Cautious Long – Catch the Counter-Pop
Leaning bullish here for a quick rebound play. Aggressive? Scoop near current 0.2130, but strap in tight – low vol means no room for slop. Safer? Wait for a punch over Resistance at 0.22795 with some volume roar to back it.
SL at ~0.20660
Targets: Bag Resistance 0.23878 first, then eye next resistance 0.25137.
*Why Now? Bear trend's boss, but capitulation volume + spot inflows vs. futures flush = textbook bounce setup. Oversold vibes all around – just a tactical flip, not a moon ticket.
Daily close under support? Flip to full short mode. You loading XLM dips or watching from the sidelines? Spill your take. #XLM #XLMUSDT #stellar