I recently took a serious look at XLM's trend, and this coin has actually sparked my interest.
XLM has been consolidating around $0.214310 for some time, with a relatively thorough pullback. From a technical perspective, the RSI is currently at 43.9—neither particularly weak nor in the oversold zone. This state is quite interesting, indicating that while the market is cautious, it has not reached an extreme pessimistic level.
The current price is stuck between the support at $0.205700 and the resistance at $0.222900, forming a relatively clear trading range. If this support holds, the likelihood of a breakout above $0.219700 will increase significantly. Conversely, if it breaks below the support, it might be time to consider stopping out.
My approach is this: once XLM breaks through $0.219700, I will gradually build a position to test its upward potential. But if the price fails to hold the $0.205700 support, I won't hesitate—I'll exit to cut losses. After all, preserving capital is more important than anything else; this is a fundamental principle from years of trading.
Having experienced various market fluctuations over the years, I can say that this kind of volatility is actually nothing special. The key is to keep the rhythm—act decisively when it's time to move, and never be greedy when it’s better to stay on the sidelines.
If you're also paying attention to XLM, feel free to share your thoughts. The market always finds balance through the collision of different viewpoints.
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SandwichTrader
· 6h ago
0.205700 If I can't hold on, I'll run away, I won't gamble on that.
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NFTHoarder
· 6h ago
XLM's consolidation this time is quite interesting. Compared to those volatile coins, this steady and steady pace feels more comfortable.
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ChainMelonWatcher
· 6h ago
0.2057 can't be broken, so I have to run. This wave of the market is quite interesting.
I recently took a serious look at XLM's trend, and this coin has actually sparked my interest.
XLM has been consolidating around $0.214310 for some time, with a relatively thorough pullback. From a technical perspective, the RSI is currently at 43.9—neither particularly weak nor in the oversold zone. This state is quite interesting, indicating that while the market is cautious, it has not reached an extreme pessimistic level.
The current price is stuck between the support at $0.205700 and the resistance at $0.222900, forming a relatively clear trading range. If this support holds, the likelihood of a breakout above $0.219700 will increase significantly. Conversely, if it breaks below the support, it might be time to consider stopping out.
My approach is this: once XLM breaks through $0.219700, I will gradually build a position to test its upward potential. But if the price fails to hold the $0.205700 support, I won't hesitate—I'll exit to cut losses. After all, preserving capital is more important than anything else; this is a fundamental principle from years of trading.
Having experienced various market fluctuations over the years, I can say that this kind of volatility is actually nothing special. The key is to keep the rhythm—act decisively when it's time to move, and never be greedy when it’s better to stay on the sidelines.
If you're also paying attention to XLM, feel free to share your thoughts. The market always finds balance through the collision of different viewpoints.
Key price levels to watch:
• Support: $0.205700
• Resistance: $0.222900
• Key breakout level: $0.219700