💠 Analysis and Follow-up on Stellar Currency (
$XLM )
🔹 Entry from the current price: 0.243
🔹 Targets:
• First target: 0.258
• Second target: 0.272
• Third target: 0.289
🔹 Stop loss: 0.226
💬 Let's talk a bit about the currency:
Stellar is a project focused on fast and cheap money transfers, and it is one of the oldest networks that is still stable in the market. The recent movement on
$XLM indicates that it has entered a clear accumulation zone after a long decline, and this type of behavior often paves the way for a respectable rebound wave if the overall market situation improves.
📉 Technical Indicators:
• Regarding RSI, it is in a neutral zone with a slight upward trend.
• Regarding MACD, a positive crossover is beginning to appear clearly.
• Regarding moving averages, they are maintaining support at approximately 0.24.
⚠️ Alert:
$XLM sometimes moves without warning… especially when liquidity increases on older currencies, so volatility may suddenly increase.
💡 Advice:
Adopt a gradual entry, keep the stop loss fixed and do not change it during the movement, and always try to take advantage of the decline to buy instead of chasing prices
#Xlm