Stellar/Tether USD PERPETUAL CONTRACT
Short
Updated

Stellar (XLM) Appears to Have Peaked Near 0.0970

490
Stellar (XLM) Appears to Have Peaked Near 0.0970

Stellar (XLM) faced a significant resistance zone near 0.0970.

A breakdown from a minor support structure reinforces the bearish movement.

In the coming days, we could see XLM moving down to the following target zones: 0.09377, 0.09235, and 0.09000.

Given that XLM struggles to sustain bullish momentum, the odds are higher that it will unfold as expected.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
snapshot
Trade closed: target reached
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.