$XLM Fight for it Bicycle turns into motorcycle I fight

1. Overall trend judgment (core)

Key features: XLM has been silent for a long time around $0.10$, then broke out with huge volume, surging to around $0.60$ (highest point), with an astonishing increase. Currently, the price has fallen back to around $0.2409$, more than halving from the high point. This indicates that the main force has actively distributed at high levels, but the current $0.24$ is exactly the important support level after the first wave of surge.

The bull market structure has not been broken, but it is currently in a critical decision period after a deep correction. $0.24$ is a position that bulls must defend.

2. Key levels

Resistance level (selling pressure area):

Short resistance: $0.30 - $0.35$. Recent rebound peak, also the profit-taking point for short-term traders.

Strong resistance: $0.45 - $0.50$. The area of the second highest point of the last major upward wave. Breaking through here will confirm the start of the second wave market.

Support level (defensive area):

Lifeline: $0.22 - $0.24$. Currently the area of the low point of fluctuation, also the pullback confirmation point after the previous breakout. If it falls below this level, the adjustment period will be significantly extended.

Extreme bottom: $0.15 - $0.18$. The top of the box before a major level rise (top-bottom reversal). This is the last line of defense for long-term funds.

3. Trading volume signals

Signal: Decreased volume pullback.

Compared to the huge volume at the high of $0.60$, the current trading volume has shrunk significantly. This indicates that selling pressure is waning, and market sentiment is returning from frenzy to rationality.

4. Operating strategy

Holders: Hold on! As long as it does not effectively fall below $0.22$, hold firmly. Target to see a rebound to $0.35$.

Non-holders: Current price ($0.24$) can be a light position gamble. Set a stop loss at $0.20$. If it can pull back to around $0.22$, it is an excellent opportunity for low absorption.

5. Summary

XLM has pulled back to position, $0.24 is support, $0.35 is resistance. The bull turns back, daring to buy is the winner!