🚀 Technical Analysis: $XLM /USDT
Current Price: $0.3857 (+3.16%)
Timeframe: 30-min chart (Binance)
🎯 Key Targets:
1. Target 1 (Immediate Resistance): $0.3950
A breakout above this level could initiate a short-term bullish run, attracting intraday traders.
2. Target 2 (Mid-Term Resistance): $0.4050
Sustained buying pressure may push the price to test this mid-term level, ideal for partial profit-taking.
3. Target 3 (Major Resistance): $0.4150
A move above this psychological level will confirm a bullish breakout, setting the stage for further gains.
🔻 Support Zones:
Immediate Support: $0.3800
Holding this level is crucial to sustain bullish momentum.
Critical Support: $0.3700
A drop below this level may indicate bearish sentiment and trigger further downside.
📈 Strategy:
Entry Zone: Look for entries near $0.3800–$0.3850 or wait for a confirmation above $0.3950.
Profit Zones: Book partial profits at $0.3950, $0.4050, and $0.4150.
Stop Loss: Place below $0.3700 to manage downside risk.
🔍 Insights:
Trend: Consolidating with signs of potential recovery.
Volume Analysis: Increased buy volume could signal an upward breakout above $0.3950.