$XLM š Stellar (XLM/USDT) Market Update ā Binance (1H Chart)
š Date: Feb 11, 2025 ā 17:18 UTC
š° Current Price: $0.3256
š Volume: 2.25M
ā” Trend: Pullback After Uptrend, Key Support Test
š Key Levels
š¼ Resistance: $0.3273 | $0.3365
š½ Support: $0.3255 | $0.3239
š Indicators & Pattern Analysis
ā Candle Formation:
Strong rejection near $0.3365, leading to a pullback.
Currently testing short-term support at $0.3255.
ā Chart Pattern:
Uptrend still valid, but pullback needs confirmation.
Break above $0.3273 could resume bullish move.
ā Moving Averages:
20-EMA (Green): Acting as resistance.
50-EMA (Blue): Holding as short-term support at $0.3255.
200-EMA (Red): Long-term resistance near $0.3365.
ā RSI & ADX:
RSI: 49.64 ā Neutral, slightly bullish.
ADX: 30.42 ā Moderate trend strength.
Bearish pressure (19.45) > Bullish strength (17.59).
š Trade Setup
š¢ Long (Buy) ā If Support Holds at $0.3255
š Entry: $0.3255 - $0.3270
š Stop-Loss: $0.3220
š Take-Profit: $0.3350 - $0.3400
ā Confirmation: RSI above 50 + volume increase.
š“ Short (Sell) ā If Breakdown Below $0.3255
š Entry: $0.3245 - $0.3250
š Stop-Loss: $0.3280
š Take-Profit: $0.3200 - $0.3150
ā Confirmation: RSI dropping below 45 + rejection at 20-EMA.
ā³ Trade Duration: 1-6 Hours
š¢ Conclusion:
š Pattern: Uptrend Pullback, Watching Support at $0.3255.
ā” Strategy: Buy if support holds, short if price breaks below support.
š Disclaimer: This is not financial advice. Always conduct your own research and manage risks before trading. š
