A quick and brief analysis of the $XLM coin on the hourly frame:
General trend:
The price is in a sharp uptrend during the current time frame.
The Relative Strength Index (RSI) is in the overbought zone (>80), which may indicate a possible correction soon.
Supports ♥:
1. 0.3800: Represents a nearby support based on small correction candles.
2. 0.3480 - 0.3500: Strong support area located at the intersection of the moving averages (MA25 and MA99).
3. 0.3210: Previous low of the recent uptrend.
Resistances ♥:
1. 0.4075 - 0.4100: Current high, representing immediate resistance.
2. 0.4200: Psychological area and potential resistance based on price action.
Trading Tip♥♥:
Buy♥: Entry can be made when the support area 0.3800 or 0.3480 is tested.
Sell♥: Take profit can be considered near 0.4075 or 0.4200.
Stop Loss: Below the support 0.3480 to ensure capital protection.