🔥 $XLM — The bears are exhausted at the bottom, when is the bounce?
💹 $XLM is holding near these local bottoms after previous collapses, still suffering from the bears' effects, but it is holding as if planning a comeback. There is no bullish shouting yet, but the atmosphere has become lighter.
📊 Volume analysis:
The large red candles came with volume explosions (like 1.29B) — completely flushing out the sellers.
Now the volumes are calm at 160–200M, it seems the panic is fading.
💎 Flows:
The spot market is quietly gathering +483K over 12 hours, +270K over 24 hours 🟢
Futures are shedding the weakest: -290K daily, -649K over 3 days, -5M over 5 days 🟢
📍 My strategy: Cautious buying for a quick bounce
Aggressive: Buy near 0.2130, stop loss ~0.20660
Safer: Wait for a breakout of resistance at 0.22795 with increasing supporting volume
🎯 Targets:
First resistance: 0.23878
Next resistance: 0.25137