🚨 $XLM Showing Momentum – Key Levels to Watch! 🚨
Stellar ($XLM ) is trading at $0.5598, up 2.45% in the last 4 hours. After reaching a 24-hour high of $0.6081, XLM is showing signs of renewed bullish momentum as it holds above critical support.
Key Levels to Watch:
Immediate Support: $0.5400
Holding this level is crucial for maintaining the upward trend. A drop below could trigger selling pressure.
Major Resistance: $0.6081
This is the current high. A breakout above this level could lead to further bullish action.
Three Targets for Traders:
1. Target 1: $0.6200 – A short-term resistance for profit-taking.
2. Target 2: $0.6500 – A key level signaling sustained bullish momentum.
3. Target 3: $0.7000 – A psychological barrier, indicating strong bullish sentiment.
Trade Setup:
Long Entry: Above $0.6081, targeting $0.6200, $0.6500, and $0.7000.
Short Entry: Below $0.5400, targeting $0.5200 and $0.4954.
Stop Loss: Place at $0.5500 to minimize downside risks.
XLM is showing steady upward pressure; monitor these critical levels for potential breakouts or reversals!