In-depth analysis of Stellar (XLM)
Current price: $0.489 USD
3. Technical analysis:
• Support:
• Nearest support: $0.45 USD – This is the price range where XLM has bounced back in recent sessions.
• Strong support: $0.40 USD – A strong price zone, creating accumulation opportunities if the price drops.
• Resistance:
• Nearest resistance: $0.50 USD – The price level currently being tested and facing selling pressure.
• Strong resistance: $0.60 USD – A potential target when XLM maintains its upward trend.
• Technical indicators:
• RSI (Relative Strength Index): At 55-60, not in the overbought zone, indicating there is still room for price increase.
• MACD: Currently crossing up, indicating bullish momentum.
• Trading volume: Gradually increasing, signaling money is flowing in.
4. Investment recommendations:
When to buy XLM?
1. Short term:
• Buy when the price adjusts to the $0.45-$0.46 USD range.
• If the price exceeds $0.50 USD, it may be a good time to buy to take advantage of bullish momentum.
2. Medium term:
• Accumulate when the price is in the strong support range of $0.40-$0.45 USD, where the risk is lower.
3. Long term:
• Gradually buy at the current price levels to build a position if you believe in Stellar's long-term potential.
When to sell XLM?
1. Short term:
• Take profit at near resistance levels of $0.50-$0.55 USD.
2. Medium term:
• Take partial profits at $0.60 USD and hold a portion of the position to target higher.
3. Long term:
• If the market rises strongly, targets may be set at $0.70-$0.80 USD.
5. Investment strategy:
• Risk management:
• Cut losses if the price breaks below the strong support level of $0.40 USD.
• Capital allocation:
• Divide capital to buy at different support price levels.
