$XLM /USDT Trading Signal - Recovery in Progress?
Current Price: $0.4292
24H Range: $0.4143 - $0.4698
Analysis:
XLM is attempting a recovery after reaching its 24H low of $0.4143. The price has climbed back above EMA(7) at $0.4280, showing initial signs of bullish momentum. However, EMA(25) at $0.4345 and EMA(99) at $0.4383 are acting as resistance levels.
Potential Setup:
Entry Zone: $0.4280 - $0.4320
Targets:
Target 1: $0.4380
Target 2: $0.4450
Target 3: $0.4550
Stop Loss: $0.4180
Observation:
XLM’s rebound from $0.4143 suggests that buyers are stepping in at lower levels. A breakout above $0.4340 could strengthen the bullish case, while failure to hold $0.4280 may lead to retesting lower support.
Actionable Advice:
Look for confirmation above $0.4320 to enter.
Secure profits at each target and trail stop losses to lock in gains.
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