【After watching the charts for so many years, XLM rarely gives me this feeling】
In the evening, I sat down and seriously looked at the charts, and I started to feel something about XLM. Recently, during this wave of pullback and consolidation, the RSI has been hovering around 43.6, and it feels like the market is slowly building up strength. I’m an old trader, and during times like this, I can always sense something.
Let me share my opinion first; I personally feel that XLM has some bullish signs lately. Why? First, the current price of $0.216971 is actually close to the key support level of $0.208300, but every time it tests this level, it holds up, indicating that buying pressure below is still quite strong. Secondly, the RSI at 43.6, although still below 50, is no longer in the oversold area, suggesting some potential buildup.
🔥 If it breaks through $0.222400, then I will definitely want to test it, as once this level is broken, the upper space opens up, and it could directly rush to $0.225600. Of course, we also cannot be too blind; if it breaks down below $0.208300, then I will have to quickly stop-loss to protect my capital.
During this time, I will closely monitor XLM's movements, as opportunities are always left for those who are prepared. Everyone shouldn’t just listen to me; you should also look at the charts more and analyze more, as the market is ever-changing.🚀
Finally, I hope this time XLM can bring us a little surprise, after all, it’s the end of the year, who doesn’t want to make some money for the New Year?🐶
Wishing everyone good luck!
📈 Key price levels:
• Support level: $0.208300
• Resistance level: $0.225600
• Breakthrough level: $0.222400
⚠️ Disclaimer: The above is personal technical analysis for reference only and does not constitute investment advice.
