XLM — Correction Ending, Rally Loading?

11 thg 9

XLM recently found support at the 0.55 Fib retracement, in confluence with the 21 EMA/SMA on the weekly timeframe, triggering a bounce. The ideal 0.618 long entry unfortunately did not come into play.

Support Confluence

• 21 EMA (weekly): $0.3536
  
• 21 SMA (weekly): $0.3384
  
• 200 EMA (daily): $0.33425
  
• 200 SMA (daily): $0.3136
  

This cluster around $0.35–$0.31 forms a strong dynamic support zone and a great range for DCA laddering.

Resistance Confluence (Take Profit Zone $0.63–$0.65)

• 20B Market Cap Resistance: ~$0.63
  
• Key High (Buy-Side Liquidity): $0.6374
  
• 0.786 Fib retracement: $0.6426
  
• 1.0 Trend-Based Fib Extension: $0.648
  
• 1.618 Fib Extension: $0.6296
  

Together, these create a stacked resistance cluster between $0.63–$0.65 → ideal take-profit zone and potential short setup.

🟢 Trade Plan

• Best Entry: Laddering (DCA) from current levels down toward $0.31
  
• Stop-Loss: Flexible depending on DCA strategy, clear invalidation below $0.31
  
• Target (TP Zone): $0.63–$0.65
  

Technical Insight

• The bounce from the 0.55 Fib retracement + weekly 21 EMA/SMA shows bulls defending this zone.
  
• With strong dynamic support below and a stacked resistance confluence cluster at $0.63–$0.65, XLM may be setting up for a 70%+ rally.
  
• DCA remains the best approach, as laddering down toward $0.31 allows flexible positioning.
  

Key Levels to Watch

• Support: $0.35–$0.31 (EMA/SMA cluster, DCA zone)
  
• Resistance / TP: $0.63–$0.65 (Fib, extensions, market cap confluence)
  

🔍 Indicators used

• Multi Timeframe 8x MA Support Resistance Zones [SiDec] → to identify support and resistance zones such as the weekly 21 EMA/SMA.
  

➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.

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5 ngày trước

Ghi chú

Setup remains valid. The high-probability long entry is sitting at the 0.618 fib retracement ($0.3329)