XLM Faces Pressure Again, Bottoming or Rebounding?

Opportunities and Challenges After the Plunge!

Long and Short Strategies to Help You Capture Volatility Profits!

Market Analysis

XLM has shown a clear downward trend recently, with market sentiment being low. From the current technical chart, bears still control the situation, with prices gradually approaching key support levels, but there may be a technical rebound or further testing of support in the short term.

Support and Resistance Levels

• Support Levels: $0.3200, $0.3000, $0.2800

• Resistance Levels: $0.3450, $0.3600, $0.3800

Short-term Trading Strategies

1. Long Strategy

• Entry Point: $0.3200

• Add Position Point: $0.3000

• Stop Loss Point: Slightly below $0.2800

• Take Profit Targets: First Target $0.3450, Second Target $0.3600, Third Target $0.3800

2. Short Strategy

• Entry Point: $0.3450

• Add Position Point: $0.3600

• Stop Loss Point: Slightly above $0.3800

• Take Profit Targets: First Target $0.3200, Second Target $0.3000, Third Target $0.2800

My Prediction

In the current market situation, I am more inclined to try short positions near the resistance level, waiting for the price to pull back to the support area.

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