XLM/USDT:
Current Price: $0.1953
24h High: $0.2420
24h Low: $0.1479
24h Volume (XLM): 324.31M
24h Volume (USDT): 1.67B
Moving Averages (5 and 10 periods):
MA (5): 37.94M
MA (10): 79.54M
Setting Targets and Stop-Loss for XLM/USDT
Target Levels:
Primary Target: Around $0.2420 (previous 24h high), as it has been a significant resistance level.
Secondary Target: If the price breaks above $0.2420, the next potential target could be $0.2476, which could act as a resistance.
Stop-Loss Levels:
Conservative Stop: Place it just below the 24-hour low of $0.1479 or slightly higher around $0.1500 for extra safety.
Moderate Stop: Around $0.1661 (the recent support level), depending on your risk tolerance.
Risk-Reward Ratio:
If targeting $0.2420 with a stop-loss at $0.1661, the risk-to-reward ratio would be favorable for a 2:1 or 3:1 setup, depending on your entry price.
Trailing Stop:
As XLM/USDT gains momentum, consider using a trailing stop to lock in profits, adjusting the stop level as the price rises.
#XLM.智能策略库🥇🥇 #SOLWatch #XRPPriceAction #DEXXBreach #Binance240MUsers