$XLM Approaching Oversold Levels – A Short-Term Rebound in Sight!
$XLM is currently trading at $0.4333 on the 15-minute chart, holding near its recent low of $0.4313 after a consistent downward move. The RSI at 22.65 signals deep oversold conditions, indicating a potential short-term bounce as buyers may step in at this level.
Trade Setup:
Entry: Near $0.4333
Target 1 (TP1): $0.4370
Target 2 (TP2): $0.4400
Stop Loss (SL): $0.4290
With MACD stabilizing at lower levels and volume showing signs of picking up, XLM has the potential for a minor upward correction. Watch for price stability above support to confirm the bounce, while managing risk carefully.