Andyzeus94
--
In the 4-hour chart of $XLM /USDT, after a prolonged decline, the price has emerged from a consolidation zone and is now testing it from above as support. This is a classic retest scenario, where a previous resistance level becomes support.
🚀 I see that the price is trading just above the EMA 200 (the blue line), but it has not yet managed to consolidate above it. If buyers can defend the current zone (0.23833–0.23860), we can expect a move towards the upper target around 0.25143, highlighted by the green rectangle on the chart, which indicates a possible profit target.
🔴 The red zone below the current price (0.22311) marks the stop-loss level, protecting against a deeper correction. Entering a trade here seems reasonable: the risk is limited and the potential gain outweighs it. The main thing is to observe the price reaction in the support zone and not forget risk management.
🚀 I see that the price is trading just above the EMA 200 (the blue line), but it has not yet managed to consolidate above it. If buyers can defend the current zone (0.23833–0.23860), we can expect a move towards the upper target around 0.25143, highlighted by the green rectangle on the chart, which indicates a possible profit target.
🔴 The red zone below the current price (0.22311) marks the stop-loss level, protecting against a deeper correction. Entering a trade here seems reasonable: the risk is limited and the potential gain outweighs it. The main thing is to observe the price reaction in the support zone and not forget risk management.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0