$XLM
/USDT Technical Analysis & Trade Signal🚀🎯
Current Price: $0.4481
Trend: Bullish (based on price above SAR and near the Bollinger upper band)
Key Technical Indicators:
Bollinger Bands (20, 2):
Upper Band (Resistance): $0.4638
Middle Band (Support): $0.3774
Lower Band: $0.2910
SAR (Stop and Reverse): $0.4092 (support level)
Trade Momentum:
The price is showing strong bullish momentum as it approaches the Bollinger upper band and has a significant 24h volume. However, resistance is expected near $0.4638-$0.4746 (24h high).
Trade Signal:
Entry Point: Enter long near $0.4400-$0.4480 after confirmation of support above SAR ($0.4092).
Stop-Loss: Set below $0.4090.
Targets 🎯:
1. Target 1: $0.4638 (Bollinger Upper Band)
2. Target 2: $0.4746 (24h High)
3. Target 3: $0.5000 (psychological and Fibonacci extension level)
Momentum Confirmation:
Strong close above $0.4638 increases the likelihood of breaking $0.4746 and pushing toward $0.5000.
If price fails to sustain above $0.4638, expect consolidation around $0.4400-$0.4500 before retesting the upside.
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