XLM/USDT is showing signs of a potential breakout from a long-term descending trendline that has been in play since November 2024. Price recently rebounded from a key demand zone (highlighted in yellow), suggesting strong buying interest at lower levels.
📉 Descending Trendline Resistance
The pair has consistently respected a strong downward trendline, rejecting all breakout attempts—until now. Price action is tightening near the apex, increasing the probability of an upward breakout.
🟨 Key Demand Zone
The $0.2150 - $0.2410 area has proven to be a strong accumulation zone, providing a solid foundation for a potential reversal. Price has shown multiple bullish reactions from this area.
📈 Upside Targets Upon Breakout Confirmation: If a confirmed breakout occurs, the following resistance levels can serve as potential profit-taking targets:
$0.2573 (breakout confirmation zone)
$0.3040
$0.3512
$0.4903
$0.5603
📌 Ideal Scenario:
Potential long entry after a confirmed breakout and retest of the trendline (~$0.25 - $0.26)
Stop loss below the demand zone (~$0.2150)
Attractive risk-to-reward setup with minimum 30% upside potential.
⚠️ Note: Wait for confirmation before entering the trade. Be cautious of false breakouts, especially under high market volatility conditions.
📉 Descending Trendline Resistance
The pair has consistently respected a strong downward trendline, rejecting all breakout attempts—until now. Price action is tightening near the apex, increasing the probability of an upward breakout.
🟨 Key Demand Zone
The $0.2150 - $0.2410 area has proven to be a strong accumulation zone, providing a solid foundation for a potential reversal. Price has shown multiple bullish reactions from this area.
📈 Upside Targets Upon Breakout Confirmation: If a confirmed breakout occurs, the following resistance levels can serve as potential profit-taking targets:
$0.2573 (breakout confirmation zone)
$0.3040
$0.3512
$0.4903
$0.5603
📌 Ideal Scenario:
Potential long entry after a confirmed breakout and retest of the trendline (~$0.25 - $0.26)
Stop loss below the demand zone (~$0.2150)
Attractive risk-to-reward setup with minimum 30% upside potential.
⚠️ Note: Wait for confirmation before entering the trade. Be cautious of false breakouts, especially under high market volatility conditions.
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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.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.