$XLM ๐ Stellar (XLM/USDT) - 1 H Chart Analysis & Market Insights ๐๐ฅ๐ฅ๐งโ๐ป๐๐
๐ Current Price: 0.3361 USDT
๐ Timeframe: 1 H Chart (Short-Term Outlook)
๐ Trend: Bullish Breakout!
โณ Trade Duration: Short-Term (Scalping to 2-Day Swing Trade)
๐ Candle Analysis โ Whatโs Happening?
๐ XLM is experiencing a strong breakout, testing the 0.3370 resistance level.
๐ Volume surge confirms buying pressure.
๐ RSI at 69.51 โ approaching overbought territory, but still room for upside.
๐ DMI shows strong bullish momentum (Green > Red), ADX rising โ confirming trend strength.
๐ฎ Future Price Predictions & Trade Setups:
๐ BULLISH SCENARIO โ Next Leg Up?
โ Entry: Buy above 0.3380 (breakout confirmation)
๐ฏ Target 1: 0.3500 โ
๐ฏ Target 2: 0.3650 ๐
๐ Stop Loss: 0.3280
๐ Confirmation Needed:
โ Break above 0.3380 with volume.
โ RSI staying above 60 for continued momentum.
๐จ BEARISH SCENARIO โ Possible Pullback?
โ Entry: Sell below 0.3280 (if rejection occurs)
๐ฏ Target 1: 0.3225 ๐
๐ฏ Target 2: 0.3150 ๐ฑ
๐ Stop Loss: 0.3380
๐ Bearish Signs to Watch:
โ RSI dropping below 60.
โ Volume decline in buying activity.
โ Price rejection from 0.3370 resistance.
๐ฅ Final Thoughts โ Whatโs Next for XLM?
โก Stellar is currently in an uptrend with strong momentum. A break above 0.3380 could push it to 0.35+ in the short term. However, failure to hold this level could lead to a pullback towards 0.3220. Stay cautious and follow volume confirmation!
๐ฌ Are you bullish or bearish on XLM? Drop your thoughts below! ๐๐๐ฅ
โ Disclaimer: This is not financial advice. Do your own research & trade responsibly! ๐จ
