Lumen
Short
Updated

XLM - Breakout Or Bull Trap?

1 182
Analysis:

- Reverse Pull Fibonacci Tool For Projected Targets
- Support & Resistance Bounces
- Order Block Flow Analysis

Target 1: $0.2460

Target 2: $0.1536

Opinion:

- I believe a correction is inbound despite the bullish momentum
Note
Do not get excited over this pullback as we are still headed down :)
Note
I definitely saw XLM coming down a lot lower but it decided that it will rise instead

That is OKAY as I can always do another XLM chart

I will wait to see more price action so I can do an updated chart and make sure the next one is more accurate :)
Note
XLM finally wants to come down
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Lets see how this plays out!

XLM actually may give me my targets after all :)
Note
Almost gave up on this chart but its not over until its over!
Note
Target 1 Completed :)

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