$XLM

XLM Fluctuation Adjustment, Can Bulls Launch a Counterattack Again?

Market Overview

XLM is currently priced at $0.3789, with an intraday decline of nearly -0.99%. The price is below the short-term moving averages, and the overall trend is showing a fluctuating consolidation, with the short-term direction remaining unclear.

Key Level Analysis

• Support Levels: $0.3700, $0.3500, $0.3200

• Resistance Levels: $0.4000, $0.4500, $0.5000

Trading Suggestions

• Long Position Strategy: After the price stabilizes at $0.3700, consider lightly entering long positions, targeting $0.4000, and further aiming for $0.4500, with a stop-loss set below $0.3600.

• Short Position Strategy: If a rebound to $0.4000 encounters resistance and falls back, consider attempting a short position, targeting $0.3500, with a stop-loss set above $0.4100.

Trend Prediction

XLM is mainly in a fluctuating consolidation in the short term, and it is essential to monitor the effectiveness of the support level at $0.3700. A breakout above $0.4000 could lead to a bullish counterattack.

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