๐ Chart Analysis (XLM/USDT - 15m Timeframe) $XLM ๐ Trend Overview: โขThe pair was previously in a clear downtrend, shown by the descending trendline. โขA breakout above this trendline suggests a potential trend reversal or short-term recovery.
๐ฆ Consolidation Zone: โขPrice has been moving sideways within a tight range (accumulation box) between 0.2327 (support) and ~0.2358 (resistance). โขThis indicates indecision and a possible preparation for a breakout.
๐ Breakout Potential: โขIf price breaks above 0.2358 with strong volume, a potential long entry could be made. โขNext targets: ๐ฅ TP1: 0.2376 ๐ฅ TP2: 0.2393 ๐ฅ TP3: 0.2407
๐ Breakdown Risk: โขIf price fails to hold above 0.2327, it may retest lower support levels or continue the downtrend. โขConsider stop-loss slightly below 0.2323 to manage risk.