I looked at the market data today, and the recent trend of XLM is quite intriguing. The RSI is currently stuck at 47.1, and it feels like the entire market data is accumulating strength, waiting for a window.
I think XLM may be brewing an upward movement, mainly for the following reasons:
**The first point is that the price fluctuation range is quite significant**. Recently, XLM has been repeatedly exploring around $0.217658. Although it seems like there hasn't been much action, this narrow range oscillation is actually a sign that bulls are quietly positioning themselves. From a technical perspective, the bottom support is steadily consolidating, and the trading volume is slowly accumulating, which is usually a signal that large funds are accumulating chips in the background.
**The second point is that the distance to the resistance level is not far**. The current key resistance is at $0.226400, and the short-term level to break is $0.223100. If this point can be successfully taken, it will basically confirm the upward trend, and at that time, the bulls will definitely rush in.
**My plan is as follows**: I will closely monitor the level of $0.223100, and once it is broken with volume, I will consider taking a small position. Of course, one must always leave an exit route—if it drops below the support of $0.209000, I will have to cut losses to protect my capital. The core of trading is still to preserve the principal.
The market is changing rapidly, we need to stay calm but not be too timid. This opportunity is fleeting, and I hope everyone can seize it and enjoy the gains together. Friends with different views are welcome to discuss and clash ideas.
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FreeRider
· 11h ago
XLM is really testing people this time, it has been torturing us at this price for a long time, when will there be some real action?
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GmGmNoGn
· 11h ago
The market data for XLM does seem a bit constrained this time, but can it really break through the point of 0.223100? It feels like the probability is low.
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GasFeeNightmare
· 11h ago
Staring at the Candlestick late at night again, this $0.223100 position feels like it's waiting for me to make a mistake, really, it's always like this. I do want to try a small Position, but I'm afraid that once the gas fee comes out, I'll have to recalculate, why bother...
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YieldFarmRefugee
· 11h ago
I noticed the narrow range fluctuations a long time ago, just waiting for the moment when it breaks through 0.223.
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ProxyCollector
· 11h ago
XLM is a bit interesting this time, it needs to break the 223 level to count, otherwise it's just the old routine of repeated probing.
I looked at the market data today, and the recent trend of XLM is quite intriguing. The RSI is currently stuck at 47.1, and it feels like the entire market data is accumulating strength, waiting for a window.
I think XLM may be brewing an upward movement, mainly for the following reasons:
**The first point is that the price fluctuation range is quite significant**. Recently, XLM has been repeatedly exploring around $0.217658. Although it seems like there hasn't been much action, this narrow range oscillation is actually a sign that bulls are quietly positioning themselves. From a technical perspective, the bottom support is steadily consolidating, and the trading volume is slowly accumulating, which is usually a signal that large funds are accumulating chips in the background.
**The second point is that the distance to the resistance level is not far**. The current key resistance is at $0.226400, and the short-term level to break is $0.223100. If this point can be successfully taken, it will basically confirm the upward trend, and at that time, the bulls will definitely rush in.
**My plan is as follows**: I will closely monitor the level of $0.223100, and once it is broken with volume, I will consider taking a small position. Of course, one must always leave an exit route—if it drops below the support of $0.209000, I will have to cut losses to protect my capital. The core of trading is still to preserve the principal.
The market is changing rapidly, we need to stay calm but not be too timid. This opportunity is fleeting, and I hope everyone can seize it and enjoy the gains together. Friends with different views are welcome to discuss and clash ideas.