1. Stellar (XLM)
• Current price: $0.2731
• Resistance: $0.2796 – $0.2878
• Support: $0.2653 – $0.2593
• Technical signal: XLM is trading near the important support area of $0.2653. If the price remains above this level, it may open up a new uptrend.
Trading strategy:
• Futures: Consider opening a Long position when the price exceeds $0.2796. SL: $0.2653 – TP: $0.2878
• Spot: Can accumulate around $0.2700 if the price holds above support.
Highlights:
• XLM has increased by 13% after bouncing off an important support area, showing strong bullish momentum.
• However, XLM is facing resistance near important horizontal levels, which need to be overcome to continue the uptrend.
2. TRON (TRX)
• Current price: $0.2472
• Resistance: $0.2431 – $0.2606
• Support: $0.2442 – $0.2277
• Technical signal: TRX is trading near the important support area of $0.2442. If the price remains above this level, it may open up a new uptrend.
Trading strategy:
• Futures: Long when the price exceeds $0.2431. SL: $0.2442 – TP: $0.2606
• Spot: Accumulate around $0.2450 if the price holds above support.
Highlights:
• TRX has broken through significant horizontal resistance, but there are signs it may reach a local peak in the short term.
• TRX is trading in the range of $0.2275 to $0.2431, with these levels serving as major support and resistance.
3. MANTRA (OM)
• Current price: $0.4859
• Resistance: $0.5397
• Support: $0.3690
• Technical signal: OM is trading near the important support area of $0.3690. If the price remains above this level, it may open up a new uptrend.
Trading strategy:
• Futures: Long when the price exceeds $0.5397. SL: $0.3690 – TP: $0.6000
• Spot: Accumulate around $0.4800 if the price holds above support.
Highlights:
• Technical analysis shows OM is in a downtrend, with multiple technical indicators giving sell signals.
• OM is testing an important support level in a descending triangle pattern, which may lead to a trend break.
Summary of today's strategy
• XLM, TRX, and OM are all trading near important support and resistance areas, opening up attractive trading opportunities.
• Investors should closely monitor technical price levels to make appropriate trading decisions.
• Strict risk management and compliance with the proposed trading strategy to optimize profits.
This article is for technical analysis and not investment advice. Please manage risk carefully and only trade when there is a confirmed signal.