XLM fluctuates constantly, short-term operation strategy! Seize the key points and welcome the fluctuations!

The current real-time price of XLM is $0.5364, the highest price of the day is $0.5377, the lowest price is $0.4860, and the closing price is also $0.5364. Today, XLM fluctuates violently, and the price fluctuates back and forth within the range of fluctuations. The current price is close to the upper limit of the range. Market sentiment tends to be cautious, but it still maintains a certain degree of activity. In the short term, the price of XLM may usher in greater fluctuations, and investors should prepare a response strategy.

Technical analysis:

Support and resistance:

Support level: $0.4860 is the lowest point today, which is very critical as a short-term support level. If the price falls below this support, it may continue to fall, and the next target is $0.4750. Resistance level: $0.5377 is today's high point. If it breaks through this position, XLM is expected to continue to rise. After the breakthrough, the target price can be set around $0.55.

Bollinger Band Analysis:

The current XLM price is close to the upper Bollinger Band. If it breaks through $0.5377 and stands firmly above the upper band, it may accelerate its rise and test $0.55 or even higher. If the price fails to break through the upper band, it may face a pullback, and the support level should focus on the vicinity of $0.50.

RSI indicator:

RSI is currently close to 60, which is in a relatively neutral area, showing that the market buying and selling forces are relatively balanced. If RSI breaks through 70, XLM may enter the overbought area and face pullback pressure. If RSI starts to fall back and falls below 50, it may indicate that there is selling pressure in the short term, and the price may fall back.

Short-term contract T+0 strategy:

Long strategy:

Entry position: If XLM breaks through and stabilizes above $0.5377, you can consider going long, and the target price is set at $0.55. Take profit position: The target price is $0.55, and if it continues to rise, the target price can be gradually raised. Stop loss position: If the price falls below the $0.50 support level, stop loss is recommended.

Short selling strategy:

Entry position: If XLM fails to break through $0.5377 and starts to fall back below $0.52, you can consider shorting with a target price of $0.50. Take profit position: The target price is set at $0.50. If it breaks through this support level, you can continue to short and target $0.4750. Stop loss position: If XLM breaks through and stabilizes above $0.54, it is recommended to stop loss and exit the short position. $XLM