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$XLM
Current price: $0.4 nearby
Target price: The short-term target is $0.48, and the main target is $0.52097.
Stop-loss price: one point below the previous low
Reason for buying: The daily chart shows a WXYXZ correction pattern, with $XLM currently hovering above the key demand zone, forming the final segment of the correction (Z). The $0.36 area was strongly defended by buyers previously, which may serve as a springboard. With increased trading volume, completed structure, and a shift in momentum, if it stays above the $0.36 support, it is expected to rise towards the $0.52 target. This pattern attracts smart money to enter, potentially leading to a significant upward trend.
This content is for reference only and should not be considered as investment advice.