Candlestick Patterns and Trends

From the 1-hour chart, it can be seen that the bullish sentiment for XLM has significantly strengthened recently, with prices showing strong upward movement, currently around 0.5632. In the short term, prices have broken through multiple key resistance levels, and the EMA moving average system shows a bullish arrangement, with both EMA7 and EMA30 diverging upwards, indicating strong upward momentum in the current market.

From the 4-hour chart, the previous consolidation range (0.4400-0.4800) has been effectively broken, and the market has entered an accelerated upward phase. The upper resistance level to watch is around 0.5770, which is the short-term high point; if this level is broken, it will further open up upward space.

Technical Indicator Interpretation

MACD Indicator: The positive bars continue to expand, with the DIF line crossing above the DEA line, forming a golden cross, supporting the bullish pattern.

BOLL Channel: Prices are running along the upper Bollinger band, indicating that the market is in a strong area, but short-term caution is needed for pullbacks after overbought conditions.

RSI Indicator: Currently in the overbought area, but there are no obvious divergence signals yet, indicating that upward momentum still exists in the short term.

Yesterday's Direction and Today's Expectations

Yesterday's market ended with a large bullish candle, showing a significantly bullish trend, and is expected to continue a fluctuating upward pattern today. Short-term pullbacks are likely to find support in the range of 0.5300-0.5400.

Operational Suggestion: Short-term setup and key level reference

Based on the current trend and technical analysis, the operational suggestions for today are as follows:

Long Position Strategy

Entry Point: Lightly position long when it pulls back to the range of 0.5350-0.5450

Stop Loss Position: Below 0.5250 (to avoid the risk of short-term support being breached)

Target Positions: First target 0.5650, second target 0.5770 (gradual take profit)

Short Position Strategy

Entry Point: If it rebounds to 0.5770-0.5850 without breaking through, consider setting up a short position

Stop Loss Position: Above 0.5900

Target Positions: First target 0.5550, second target 0.5400

The market always has its ups and downs, but the analysis from the master never misses a beat! Stay tuned, let's take control of the overall situation together!

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