$XLM pushed aggressively from the 0.1847 low and swept liquidity into the 0.1990 area before facing heavy selling pressure.
The sharp rejection from local highs suggests short-term distribution, with price now retracing back toward the breakout zone. Bulls still have a chance as long as the recent higher-low structure remains intact.
📍 Entry Zone: 0.1890–0.1910
🎯 Target 1: 0.1960
🎯 Target 2: 0.1990
🎯 Target 3: 0.2050+
❌ Invalidation: Sustained acceptance below 0.1847
For now, this looks more like a pullback after an impulsive move rather than a complete trend reversal. The key is whether buyers step in around current support and reclaim momentum.
Discipline and patience. Let price confirm the next move before committing capital.
The sharp rejection from local highs suggests short-term distribution, with price now retracing back toward the breakout zone. Bulls still have a chance as long as the recent higher-low structure remains intact.
📍 Entry Zone: 0.1890–0.1910
🎯 Target 1: 0.1960
🎯 Target 2: 0.1990
🎯 Target 3: 0.2050+
❌ Invalidation: Sustained acceptance below 0.1847
For now, this looks more like a pullback after an impulsive move rather than a complete trend reversal. The key is whether buyers step in around current support and reclaim momentum.
Discipline and patience. Let price confirm the next move before committing capital.