XLM/USDT Perpetual (30-Min Chart) – OKX Analysis
2025-02-14
Category: None

XLM/USDT Perpetual (30-Min Chart) – OKX Analysis
Market Overview
XLM/USDT is currently trading at 0.34070 USDT, facing resistance near the supply zone at 0.34294 USDT.

Bearish Probability: 100% – Suggests a strong chance of price rejection at this level.
EMA 20 & 50 are supporting the uptrend, but price is testing resistance.
Stochastic Indicator is overbought, indicating possible short-term pullback.

Key Technical Levels
Supply Zone (Resistance): 0.34294 - 0.35235 USDT
Immediate Support: 0.33323 USDT

Major Demand Zones (Support Levels):
0.32953 USDT (TP1 - First Demand Zone)
0.32539 USDT (TP2 - Stronger Demand Zone)
0.32347 - 0.32124 USDT (Deeper Demand Zone, Possible Reversal Area)

Trade Setup & Strategy
📌 Bearish Short Setup (High Probability)

Entry: 0.34294 USDT (Short from resistance rejection at supply zone)
Targets (TPs):
0.32953 USDT (First Demand Zone Target, TP1)
0.32539 USDT (Stronger demand zone, TP2)
0.32124 USDT (Deep demand zone for full correction, TP3)
Stop-Loss: Above 0.35123 USDT (Breakout invalidates bearish setup)

📌 Bullish Breakout Setup (Lower Probability)

Entry: Above 0.35235 USDT (Breakout confirmation)
Targets (TPs):
0.36000 USDT (Next resistance zone)
Stop-Loss: Below 0.34000 USDT (To minimize downside risk)

Conclusion
Bearish bias is stronger due to supply zone rejection and overbought conditions.
Short position is favored if price fails to break 0.34294 USDT.
Breakout above 0.35235 USDT shifts bias bullish.

Would you like lower timeframe confirmation (5m or 15m) for entry precision? 🚀