$XLM experienced a short liquidation event as bearish positions were forced to close, triggering automatic market buys and adding upward pressure to price action

The $1.9412K short liquidation at $0.2176 reflects a leverage squeeze against short sellers, signaling that the market moved higher than expected and forced bearish traders out of their positions

EP
0.2150 - 0.2190

TP
TP1 0.2250
TP2 0.2320
TP3 0.2400

SL
0.2090

Liquidity was swept above recent resistance levels, removing excess short exposure and creating a healthier market structure for continued upside movement

The liquidation event suggests buyers are maintaining control in the short term, with bearish traders being forced to cover positions as momentum strengthened

Current price action places the 0.2140 - 0.2170 region as an important support zone that bulls will need to defend to sustain the rally

As long as buyers continue establishing higher lows above support, the probability of continuation toward higher liquidity targets remains favorable

A successful breakout above 0.2250 could attract fresh momentum traders and open the path toward the next resistance levels near 0.2320 and 0.2400

The short squeeze has removed weaker bearish positions from the market, while the resulting buy pressure may support further upside if volume remains strong

Traders will be closely monitoring whether $XLM can capitalize on the liquidation-driven momentum and extend its bullish structure

Let's go $XLM ‌