Looking at the recent XLM trend, it does seem quite interesting. Based on technical analysis, Stellar is expected to rally towards $0.24 within the next 7-14 days, and this is not unfounded.
What is the current market situation? XLM is trading around $0.210438, with an overall upward trend. The RSI indicator shows 56.7, indicating that the bulls are clearly in control. From a key support perspective, there is a defensive line at $0.202000 below. Resistance above is at $0.218900, and the real breakout point depends on whether it can hold above $0.215700. If this level can be successfully broken, then a move towards $0.24 looks promising.
Based on this analysis, my trading plan is as follows: first, establish an initial position near $0.210438, controlling about 30% of my total funds. If the price can break through the critical level at $0.215700, I will add another 20% to participate in the subsequent trend. For risk management, I will set a stop-loss at the support level of $0.202000; once the price breaks below, I will exit decisively—no hesitation. The target price is naturally $0.24, and I will decide whether to hold or partially reduce my position based on real-time conditions.
Sharing this logic and plan with everyone—what do you think about this wave of market? Do you have any other perspectives or analyses?
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gm_or_ngmi
· 6h ago
0.24 as a target level still sounds a bit aggressive, but your stop-loss setup is quite rational and not a full gamble.
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GhostWalletSleuth
· 6h ago
0.24? Bro, this setup is a bit risky. The RSI is only at 56, feels like the momentum hasn't fully kicked in yet.
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DeFiCaffeinator
· 6h ago
0.24? I think it's risky; this rebound could easily be crushed back down.
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ShamedApeSeller
· 6h ago
0.24 feels a bit shaky, this round might return to the support level again
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NFTRegretful
· 6h ago
0.24? Why do I still feel it's difficult? The trend in the crypto circle has changed in the past two weeks.
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GasFeeCrybaby
· 6h ago
0.24 at this level is indeed tempting, but I'm still a bit hesitant. History has shown me that times like this are often just a trap.
Looking at the recent XLM trend, it does seem quite interesting. Based on technical analysis, Stellar is expected to rally towards $0.24 within the next 7-14 days, and this is not unfounded.
What is the current market situation? XLM is trading around $0.210438, with an overall upward trend. The RSI indicator shows 56.7, indicating that the bulls are clearly in control. From a key support perspective, there is a defensive line at $0.202000 below. Resistance above is at $0.218900, and the real breakout point depends on whether it can hold above $0.215700. If this level can be successfully broken, then a move towards $0.24 looks promising.
Based on this analysis, my trading plan is as follows: first, establish an initial position near $0.210438, controlling about 30% of my total funds. If the price can break through the critical level at $0.215700, I will add another 20% to participate in the subsequent trend. For risk management, I will set a stop-loss at the support level of $0.202000; once the price breaks below, I will exit decisively—no hesitation. The target price is naturally $0.24, and I will decide whether to hold or partially reduce my position based on real-time conditions.
Sharing this logic and plan with everyone—what do you think about this wave of market? Do you have any other perspectives or analyses?