🚨 $XLM /USDT – Is this sharp decline a golden opportunity or the beginning of a collapse? 📉🌌
#Stellar currency is down by -6.540.3702, close to the daily low. The selling pressure is clear, but technical indicators suggest that a critical support area is approaching!
📍 Quick technical overview:
• Current price: 0.3702
• Highest price today: 0.3976
• Lowest price: 0.3656
• SAR: 0.3816 – the trend is still downward
• MACD: increasing negative momentum
• RSI: nearing the oversold area
📈 Potential trading plan:
🔹 In case of an upward movement (staying above 0.3656):
• Entry: 0.3725 – 0.3750
• Targets: 0.3816 > 0.4023 > 0.4231
• Stop loss: 0.3600
🔻 In case of a downward movement (breaking 0.3650):
• Entry: below 0.3645
• Targets: 0.3550 > 0.3420 > 0.3280
• Stop loss: $0.3760
💡 Advice for professionals:
No entry without volume confirmation. Watch the RSI for a bullish reversal. A sharp decline may precede a sudden bounce back.
📢 Follow channel #CryptoEmad for more accurate analyses
