$XLM /USDT – Weak Recovery, Still Risk of Drop

Current Price: $0.4607

Today’s Gain: +20.01%

24h Volume: 613.73 Million XLM

Market View:

XLM made a high of $0.4825 but failed to sustain. The price dropped sharply and is now trying to recover, but buying is weak. If it fails to break above $0.4650, price may fall again.

Key Levels:

Resistance: $0.4650 and $0.4700

Support: $0.4550 and $0.4500

Trade Plan:

Buy Above: $0.4650 with Target $0.4700 and $0.4750

Stop Loss: $0.4550

Short Below: $0.4550 with Target $0.4500 and $0.4430

Stop Loss: $0.4650

Summary:

$XLM is still weak after the drop. Wait for price to break $0.4650 to buy, otherwise a break below $0.4550 may start a new fall. Use stop loss to