XLM Trend Analysis: Short-term Volatility, Intense Bull and Bear Struggle!
Market Analysis
Currently, XLM's price fluctuations are mainly in a consolidation phase. Market sentiment is slightly weak, but no significant bearish pressure has been observed. In the short term, it may seek direction near key support levels.
Support and Resistance Levels
• Support Levels: $0.35, $0.33, $0.31
• Resistance Levels: $0.37, $0.39, $0.42
Short-term Trading Strategy
1. Long Strategy
• Entry Point: $0.35
• Add Position Point: $0.33
• Stop Loss Point: $0.30
• Take Profit Targets: $0.37, $0.39, $0.42
2. Short Strategy
• Entry Point: $0.38
• Add Position Point: $0.40
• Stop Loss Point: $0.43
• Take Profit Targets: $0.35, $0.33, $0.31
My Prediction
Based on the current trend, it is expected that XLM will be somewhat bearish in the short term. It is recommended to focus on short positions at high levels and patiently wait for key support before considering rebound strategies.
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