Entry Point:$XLM
Current price: 0.2856 USDT
It's better to buy near the next support: 0.2780 - 0.2800 USDT (the support level is clear from the previous low).
2. First Target (Take Profit 1):
0.2905 USDT (is the highest price in 24 hours - first resistance).
3. Second Target (Take Profit 2):
0.3050 USDT (visible resistance level on the chart).
4. Stop Loss:
0.2740 USDT (about 2% below support - breaking support means a greater likelihood of a decline).
5. Quick Tips:
RSI indicator = 44 => The price is in a neutral zone, but it is close to the oversold area, which means the likelihood of an upward move is possible.
Parabolic SAR indicator above the candles => There is still downward pressure, so be cautious and only enter near support, not now.
Be sure to diversify your capital and avoid buying all at once.
Monitor the trading volume, as a significant drop may indicate weakness in the movement.