$XLM Bounces to 0.31500 or breaks to 0.22000.

Short $XLM (Or Wait for Reversal Confirmation)

Entry: 0.26200–0.26800

SL: 0.27600

TP1: 0.25426
TP2: 0.23800
TP3: 0.22000

Market Context & Reasoning
Price action on the 15-minute chart displays a volatile, dual-peak distribution process pushing against the major session resistance ceiling near 0.27427. After an initial rejection down toward the mid-range liquidity pocket, buyers attempted a secondary rally to retest the local highs. However, this recovery wave ran directly into a heavy block of passive sell orders, printing an aggressive lower-high structure followed by a steep vertical markdown phase. This influx of sell-side pressure completely sliced through local intermediate support levels to register a clean session baseline at 0.25426.

The asset is currently pausing to compress near the lows around 0.25531. This low-level stabilization indicates minimal immediate buy-side reaction, revealing that demand has dried up after the double-top distribution pattern triggered. Over-eager buyers trying to catch this falling knife run a severe risk of being trapped by institutional supply layers. Unless bulls can engineer a massive, high-volume reclamation of the 0.26500 supply tier, this flag structure heavily favors a secondary leg down to sweep the 0.25426 floor and unlock lower macro targets.

Trade $XLM here 👇