“XLM rises again, is the pullback an opportunity for a new round of takeoff?”
Market Analysis:
XLM's current rally is very strong, and a notable pullback has occurred at a high level in the short term. Market volume is shrinking, and prices are fluctuating and consolidating above the support line, with a strong wait-and-see sentiment among investors, but the upward trend has not been broken, and there may be a new breakthrough in the future.
Support and Resistance Levels:
• Support Levels: 0.41, 0.38, 0.35
• Resistance Levels: 0.47, 0.50, 0.53
Short-term Trading Strategy:
Long Strategy:
• Entry Point: 0.41
• Add Position Point: 0.38
• Stop Loss Point: 0.34
• Take Profit Targets: 0.47, 0.50, 0.53
• Position Allocation: 50%-30%-20%
Short Strategy:
• Entry Point: 0.47
• Add Position Point: 0.50
• Stop Loss Point: 0.54
• Take Profit Targets: 0.41, 0.38, 0.35
• Position Allocation: 50%-30%-20%
My Prediction:
The overall trend of XLM is positive, and the pullback is a technical correction in the short term. It is expected to challenge the 0.50 resistance level again in the future, so I tend to go long.
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