‼️ The XLM/USDT pair is in a state of great activity! Technical indicators indicate that the market is about to make a big move, either upwards or a correction towards key support levels. Will prices reach $0.50 or will we see a pullback? Here are the details and how to profit now!
Indicators analysis:
📈 Relative Strength Index (RSI):
4-hour time frame: RSI at 77, indicating overbought conditions and a possible correction is imminent.
1-hour time frame: RSI is around 66, indicating room for further upside, but caution is warranted as overbought conditions are approaching.
📉 MACD Indicator:
The MACD appears positive on both time frames, but the narrowing gap between the averages indicates a potential weakening in momentum.
📊 Trading volume:
4 hours: Increased volume with bullish candles confirms buying power. Decreasing volume may mean the trend is about to end.
1 hour: High volume with bullish moves highlights traders' interest, but watch volume levels when resistance is tested.
📌 Moving Averages (EMA):
EMA(7) is above EMA(25) and EMA(99) on both time frames, which reinforces the uptrend. However, the narrowing gap between EMA(7) and EMA(25) on the 1-hour time frame may indicate a potential correction.
📉 Stochastic RSI Indicator:
4 hours: Close to 95, indicating overbought conditions and a possible correction.
1 hour: At 85, indicating weak momentum.
📍OBV Indicator:
A continued rise in the OBV confirms the strength of the trend, but any slowdown could indicate a potential reversal.
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Best entry points:
For long trades:
🚀 Entry 1: $0.4550–$0.4600 (bounce towards EMA(25) on 1-hour timeframe).
💎 Entry 2: $0.4420–$0.4450 (strong support at EMA(25) on 4-hour timeframe).
💰 Profit Targets: $0.4810 (first resistance) or $0.4950 (maximum upside target).
For short deals:
❌ Entry 1: $0.4850–$0.4900 (bounce from resistance in overbought conditions).
🔥 Entry 2: $0.5000–$0.5050 (in case of false breakout).
📉 Profit Targets: $0.4650–$0.4600 (nearest support level).
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Conclusion:
Short term: The uptrend continues, but the RSI and Stochastic RSI indicators indicate a possible correction soon.
Medium term: Continued convergence of moving averages supports further upside, but caution is required on corrections.
❗️ Opportunity is near: the market is preparing for a strong move! Be ready to exploit the continuation of the uptrend or take advantage of corrections. Open your positions now and set profit targets at key levels!
🚀 Don't miss the opportunity! $XLM
On the rise - buy now while the price is still low! 💰 Next target: $0.50 and up! 👇