๐จ $XLM M/USDT โ Oversold and Ready to Bounce? Or Breaking Down Further? โ ๏ธ
$XLM is trading at $0.2373 (-0.46%), sitting flat after failing to reclaim $0.2400. With RSI deep in oversold territory, is a reversal closeโor are sellers still in control? Letโs break it down ๐
๐ Market Overview
๐ Current Price: $0.2373
๐ 24h High: $0.2402
โ๏ธ 24h Low: $0.2348
๐ Parabolic SAR: Pressing above $0.2400 โ trend shift possible soon
๐ MACD Momentum:
Bearish divergence narrowing
Volume: 356.5K XLM | $5.12M USDT
๐ RSI (6): 24.36 (๐ป Oversold โ bounce potential increasing!)
๐ XLM Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If XLM Holds Above $0.2340):
Entry: Above $0.2390
Targets: $0.2455, $0.2495, $0.2510
Stop-Loss: $0.2290
๐น Bearish Scenario (If XLM Drops Below $0.2290):
Entry: Below $0.2285
Targets: $0.2250, $0.2200, $0.2130
Stop-Loss: $0.2390
๐ Should You Hold or Sell?
โ RSI at 24 = strong potential for technical rebound
๐ Price compression near support = bounce or breakdown setup
โ ๏ธ MACD still bearishโconfirmation needed before loading longs
๐ก Pro Tip:
๐ Watch for a reclaim of $0.2400 with solid volume = reversal in motion
โ ๏ธ Weak bounce or low-volume move = likely fakeout before more downside
๐ข Are you buying the fear on XLM or sitting this one out? Share your strategy below!
๐ฅ LIKE & SHARE if you want more Layer 1/2 setups like this! ๐