🔥 Professional Analysis of $XLM /USDT Chart🔥

The $XLM /USDT pair is currently trading at $0.4358, reflecting a -5.16% decline in the last 24 hours. The 15-minute chart shows a clear downtrend, with the price making lower highs and lower lows. The 24-hour high and low are $0.4615 and $0.4323, respectively, indicating that the price is near its support zone.

Entry Strategy:

1. For Long: Wait for a breakout above $0.4400 with confirmation of a bullish candle. Enter only if the price sustains above this level.

Stop Loss: $0.4320 (below the recent low).

Target 1: $0.4500

Target 2: $0.4550

2. For Short: Enter a short position if the price breaks below $0.4320 with strong selling pressure.

Stop Loss: $0.4400 (above resistance).

Target 1: $0.4250

Target 2: $0.4200

Analysis:

The short-term momentum remains bearish, but a bounce-back near the $0.4320 level is possible due to oversold conditions. Monitor volume for confirmation of a trend reversal or continuation. Manage risk with proper stop-loss placement and avoid over-leveraging.

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