$XLM After hitting a one-year low, there are roughly three possible paths from here:
① It rebounds but fails to break above 0.136, turning the previous low into resistance; ② It holds steady at a low level as panic selling is gradually absorbed; ③ It moves back above 0.136, making this a false breakdown.
The current price is 0.1326, still below the previous low, so it’s not yet clear which scenario will play out. Trading value this time was 1.8 times the 20-day average. Whether volume can be sustained going forward is key.
What reasons do you have for going long or short?
#XLM
No guarantee that this is right—make your own judgment.
① It rebounds but fails to break above 0.136, turning the previous low into resistance; ② It holds steady at a low level as panic selling is gradually absorbed; ③ It moves back above 0.136, making this a false breakdown.
The current price is 0.1326, still below the previous low, so it’s not yet clear which scenario will play out. Trading value this time was 1.8 times the 20-day average. Whether volume can be sustained going forward is key.
What reasons do you have for going long or short?
#XLM
No guarantee that this is right—make your own judgment.
