$XLM / USDT – Showing Signs of Recovery! 🌱
$XLM is currently trading at $0.2874, showing a slight gain of +0.45% for the day. The 4-hour chart indicates a recovery after a recent dip, with green candles forming and pushing the price upwards.
Potential Scenario:
Observation: $XLM found support and is now attempting to climb back up. Breaking above the recent high could signal further bullish momentum.
Possible Trade Considerations (Watch for Breakout):
Entry: Consider potential entries around the current level or on slight pullbacks towards $0.287, looking for support to hold.
Target 1: $0.2943 (24-hour high)
Target 2: $0.295
Final Target: $0.300+ (testing previous highs)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $0.285, to manage risk.
Key Observation: Watch if XLM can break above the $0.2943 resistance level with good volume for potential further upside.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday afternoon here in Multan!
