What is the truth behind the price fluctuations of XLM?

Support and resistance games, how to capture long and short opportunities?

If you miss this analysis, you may miss the best layout!

Market Analysis

XLM is currently showing a trend of fluctuating downward, with an overall weak trend, but is approaching a key support area in the short term. The market sentiment is cautious, and investors need to pay attention to whether an effective rebound can form or the downward trend will continue.

Support and Resistance

• Support Levels: 0.3500, 0.3400, 0.3200

• Resistance Levels: 0.3700, 0.3900, 0.4100

Short-Term Trading Strategy

1. Long Plan

• Entry: 0.3550

• Add Position: 0.3450

• Stop Loss: 0.3150

• Take Profit: 0.3700, 0.3900, 0.4100

2. Short Plan

• Entry: 0.3700

• Add Position: 0.3900

• Stop Loss: 0.4150

• Take Profit: 0.3550, 0.3450, 0.3200

$XLM

My Prediction

I lean towards going long, as XLM is currently close to an important support area, and the probability of a short-term rebound is relatively high, suitable for low-position layouts to gain rebound profits.

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