🔥 Stellar $XLM is showing strong momentum! With a +7.98% surge in the last 24h, traders are now asking:
Will XLM push even higher, or is a retracement coming? Let’s break it down! 👇
🔍 Market Sentiment:
🟩 Bullish, but Watch for a Pullback!
XLM has been on a steady uptrend, but some indicators suggest a potential cooldown before another leg up:
▫️ RSI(14): 66.86 → Strong momentum, but approaching overbought territory
▫️ TD Sequential: 2 Down → Possible short-term pullback signal
▫️ Upper Bollinger Band ($0.335) → Key breakout or resistance level
▫️ SMA(50) at $0.295 → Ideal dip-buying zone
💡 Key Takeaway?
If $XLM breaks and holds above $0.335, we could see a push toward $0.350+. But a short-term dip toward $0.295 - $0.310 is also possible before further upside.
🎯 Trading Idea: Momentum Strategy
🟩 Potential Long Entry (Trend Continuation)
🔹 Buy Zone: $0.310 - $0.320 (On slight pullback near support)
🔹 Stop-Loss: $0.305 (Below recent lows for risk management)
🔹 Take Profit: $0.340 - $0.350 (Upper Bollinger Band target)
🔹 Risk-Reward Ratio: 1:3
🟩 ✔️ Confirmation Before Entering:
▫️ RSI remains above 60 → Momentum intact
▫️ Price finds support above SMA(50) at $0.295
▫️ Sustained buying volume
🟥 Potential Short Entry (Overbought Rejection)
🔹 Sell Zone: $0.330 - $0.335 (If price struggles to break higher)
🔹 Stop-Loss: $0.345 (Above resistance level)
🔹 Take Profit: $0.310 - $0.300 (Possible retracement to SMA(50))
🔹 Risk-Reward Ratio: 1:3
🟥 ✔️ Confirmation Before Shorting:
▫️ Rejection from upper Bollinger Band ($0.335+)
▫️ Weak volume on breakout attempts
▫️ RSI dropping below 60 → Momentum fading
📊 Key Metrics:
💲 Price: $0.324
⚖ H/L: $0.329 | $0.296
🟥 1H Change: -0.58%
🟩 24H Change: +7.98%
🟥 7D Change: -2.27%
🟥 30D Change: -23.33%
⛰️ ATH: $0.876 (-63.01%)
📊 24H Volume: $370.55M
💰 Market Cap: $9.94B
💡 Final Thoughts:
$XLM is in bullish territory, but will it sustain the breakout? If $0.335 is cleared, we could see higher highs. If momentum fades, a dip to $0.310 - $0.295 may offer a better entry.
📢 What’s your move on $XLM? Breakout or pullback? Drop your thoughts below! 👇
🪧 VOTE NOW!
▫️ 🚀 LIKE if you’re BUYING THE DIP!
▫️ 📉 COMMENT “FAKEOUT” if you think it’s a bull trap!
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