$XLM Trading Strategy
Bullish:
Entry Point: Consider entering if the price breaks above $0.4746 with strong volume.
Target: Aim for the next resistance level, possibly around $0.50.
Stop-Loss: Place a stop-loss below $0.41 (just under recent support).
Bearish:
Entry Point: If the price falls below $0.41, it could indicate a reversal.
Target: Look for a decline towards the $0.35 region.
Stop-Loss: Place a stop-loss above $0.44 to minimize risk.
RSI (Relative Strength Index)
The RSI is 56, which suggests the market is in a neutral zone, neither overbought nor oversold. This indicates room for upward movement but also requires caution if the RSI approaches 70.
Resistance Level: The 24-hour high is at $0.4746. This is a key level to watch as it may act as resistance in the short term.
Support Level: The 24-hour low is at $0.2758, indicating a strong support level where buyers previously stepped in.
