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$XLM
XLMUSDT is maintaining a very positive upward momentum when the price breaks from 0.20 to 0.29 in a short time, equivalent to an increase of more than 40%. The price structure creates a series of tops and bottoms gradually, confirming that the short-term uptrend is being controlled by the buyers.
The lines MA5, MA10, MA20, MA30 are all stacked in descending order and have a distinct upward slope. The price is currently on all moving averages, showing that the upward momentum is still very strong. The continuous increase in transaction volume in the upbeats is a confirmation signal that the cash flow is actively participating.
The nearest resistance area is at 0.290 - 0.300, which is an important psychological area. If the candle price closes above 0.30 with good liquidity, XLM can expand the upward momentum to the levels of 0.315 - 0.330.
Trading strategy:
● Safe buying zone: 0.275 - 0.282 when there is an adjustment rhythm.
● Target: 0.300 – 0.315 – 0.330.
● Cut loss: less than 0.265.
Note that the price has increased sharply in a short time, so the possibility of short-term profit-taking rhythms is quite high. Prioritize waiting for support correction instead of buying and chasing in the resistance area of 0.29–0.30.
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