$XLM Approaching Oversold Levels – Short-Term Recovery in Sight!

XLM

0.4284

+0.56%

$XLM is currently trading at $0.4333 on the 15-minute chart, holding near its recent low of $0.4313 after a sustained downward movement. The RSI at 22.65 is indicating deep oversold conditions, suggesting a short-term rebound is likely as buyers may enter 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 the MACD holding at lower levels and signs of increased volume, XLM has the potential for a minor upward correction. Watch for price to hold above support to confirm the rebound, while managing risk carefully.