$XLM
XLM's current price is around $0.40, with a 22.19% increase in the last 24 hours.
*Price Action & Trend Analysis:*
- XLM has broken out of a descending trendline, indicating a potential shift in momentum.
- The price is currently finding support around $0.418, which could be a pivot point for a bounce back or breakdown.
*Trading Setup:*
- *Entry:* Consider buying near support levels ($0.378 or $0.36) with confirmation.
- *Take Profit:*
- *Primary Target:* $0.40 or above, with potential for further upside.
- *Secondary Target:* $0.4286 or $0.4504 if momentum continues.
- *Stop Loss:*
- *Conservative Stop:* Below $0.1479 or $0.15 for extra safety.
- *Moderate Stop:* Around $0.1661 or $0.3561, depending on risk tolerance.
*Key Levels:*
- *Support Levels:* $0.3400, $0.3300, and $0.2999 (bid walls providing demand support).
- *Resistance Levels:* $0.4025 (previous resistance), $0.4286, and $0.4504.