TECHNICAL ANALYSIS XLM🔥🔥
The Stellar token is currently at approximately 0.44$ and presents an interesting short-term technical picture for a strategic trade. The RSI is around 73.5, indicating a slightly overbought condition but with still positive momentum. The 50-day moving average around 0.43$ and the much lower 200-day average support the price, suggesting a structured medium to long-term bullish trend.
For an entry, a level around 0.44$ can be considered, close to recent support, with attention to maintaining this threshold for confirmation of stability. A prudent stop loss could be set at 0.41$, to limit losses in case of a downward breakout.
For the take profit, resistance levels around 0.48–0.50$ are considered, where XLM has encountered obstacles in the past, with possible extensions up to 0.54$ in case of a strong breakout. These targets reflect the areas of resistance identified by recent highs and technical trend analysis.
Therefore, a recommended trading strategy is entry at 0.44$, stop loss at 0.41$, and take profit in the area of 0.50–0.54$, taking advantage of the signs of bullish reversal from recent consolidation.
Please always operate with low leverage and always set the stop loss.
