Based on recent observations in the crypto market, XLM is showing signs of weakness in its price structure. Given the formation of a bearish pattern and the price’s reaction to key resistance levels, a downward move exceeding 10% is anticipated in the short term.
Support levels and bearish targets have been identified, and if a breakout is confirmed, the downward momentum could accelerate. Cautious traders may consider exit strategies or risk management plans.
⚠️ This analysis is for informational purposes only and does not constitute financial advice.
Trade closed: target reached
“Hit the First Target, Faced Manipulation, and Still Nailed the Second!”As you can see, the price hit our first target, clearly marked with a horizontal line. However, before reaching our second and main target, the market experienced a sharp move against our predicted trend — a classic manipulation triggered by President Trump’s actions.
Despite the sudden shift, once the emotions settled, the price continued its path and successfully touched our second target.
“Hit the First Target, Faced Manipulation, and Still Nailed the Second!”
The stop-loss was clearly placed within the red zone. If we had gone risk-free or partially closed the position after hitting the first target, there would have been no damage to the trade, even with the price pullback.
It’s a perfect example of how proper risk management and a solid strategy can keep your trades safe, no matter how unpredictable the market gets.
— Trade smart, stay sharp.
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.
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.