XLM Decline Continues, Will There Be a Short-Term Rebound or Continued Bottoming?

Market Analysis

XLM has recently pulled back from its high, with prices continuing a weak oscillating pattern. The moving average system is aligned bearishly, market sentiment is low, and buying power is relatively weak. In the short term, close attention needs to be paid to the support levels at the lows.

Support and Resistance Levels

• Support Levels: 0.4100, 0.3900, 0.3700

• Resistance Levels: 0.4300, 0.4500, 0.4700

Short-Term Trading Strategy

Long Strategy:

• Entry Point: 0.4100

• Add Position Point: 0.3900

• Stop Loss Point: 0.3650

• Take Profit Targets: 0.4300, 0.4500, 0.4700

Short Strategy:

• Entry Point: 0.4300

• Add Position Point: 0.4500

• Stop Loss Point: 0.4750

• Take Profit Targets: 0.4100, 0.3900, 0.3700

$XLM

My Prediction

Currently, the XLM bears still dominate, and there are no obvious signs of a short-term rebound. It is expected to continue oscillating downward. Focus on short selling, waiting for a bottom signal before seeking opportunities.

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