XLMUSD Long Idea: Bullish Retest of Flipped Support Level

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XLMUSD Long Idea: Bullish Retest of Flipped Support LevelStellar / US DollarBINANCE:XLMUSDhammad69918Hello TradingView Community, This post outlines a potential long trade setup for the Stellar / US Dollar (XLMUSD) pair, based on the 15-minute timeframe. Technical Analysis: The chart is currently showing a bullish structure. We can identify a key horizontal price level at approximately $0.39533305. This level previously acted as a resistance zone, where the price struggled to break through. Recently, the price has successfully broken out above this resistance and is now consolidating on top of it. This is a classic "resistance-turned-support" pattern. The trading idea is based on the expectation that this former resistance will now act as a new support floor. A successful hold and bounce from this area would suggest a continuation of the bullish momentum. Trade Setup: The long position tool on the chart visualizes a potential trade plan based on this scenario: Entry: Approximately $0.39533305 (at the retest of the new support). Stop Loss: $0.37585674 (placed below the key support level to invalidate the idea if the support fails). Take Profit: $0.45667653 (targeting a new higher high in the trend). This setup provides a structured plan with a favorable risk-to-reward ratio for a potential move higher. Disclaimer: This analysis is for educational and discussion purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk. Please conduct your own due diligence and manage your risk appropriately.