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🎯 1. Context and Catalysts

Technical catalyst: The Stellar network launched the candidate version 'v23.0.0rc2' and the vote for Protocol 23 is expected on August 14, which generated strong rallies this week.

Institutional momentum: Accumulation of nearly 406M XLM and renewed interest (including activation of stablecoins like PYUSD).

Chart patterns: Formation of 'cup and handle' with possible long-term breakout, in addition to breaking bearish channel.

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📈 2. Technical Analysis

Level Price (USD) Action

Support 1 ~0.39 (recent low) Initial entry zone

Key support 0.36–0.378 Double confirmation after pullback

Resistance 1 0.45 Short-term target post-breakout

Resistance 2 0.50–0.52 Medium level, with possible extension if momentum continues

Confirmation of trend if it exceeds 0.41–0.42 (risk of mergers) with volume.

If it breaks above 0.45, the next target is 0.50 in the next week.

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🧭 3. Trading Strategy

1. Staggered entry:

First segment: in the range of 0.39–0.378.

Second segment: if it breaks 0.41 with good volume.

2. Dynamic stop-loss:

Initial stop: below 0.36 (more than -7% from entry).

Adjust stop to break-even once it reaches 0.45.

3. Partial profit taking:

First take: near 0.45 (+15–20% from entry).

Second take: level of 0.50–0.52 (around +30%).

4. Reevaluation for medium-long term objective:

If it breaks 0.52 with support, consider holding towards 0.65 – 1.11 according to cup & handle patterns.

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📊 4. Risk Management

Maximum 2% of capital per operation.

Do not over-leverage: trade only with funds you are willing to lose.

Daily review of news and volume, especially before August 14 (Protocol 23 vote).

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⏱️ 5. Calendar and Follow-up

Today–Week 1: evaluation of support at 0.378–0.39 and possible breakout towards 0.41–0.45.

Week 2 (before the vote): monitor near 0.45; decide on re-entry or partial exit.

Vote week (August 14): use position to retest breakout or close in the face of volatility.

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✅ Quick Summary

Entry point: 0.378–0.41 USD

Stop-loss: < 0.36

Partial take: ~0.45

Total target: 0.50–0.52 and beyond if momentum persists

Controlled risk: ≤2% capital, adjust stop and profits progressively.

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📌 Next steps:

1. Monitor daily closes (candles).

2. Watch the volume after breaking 0.41+.

3. Adjust stop once in the green.

4. Monitor the impact of the Protocol 23 vote (August 14).

#Spot #trading #StrategicTrading #XLM $XLM