XLMUSD at first Support, others below: Stellar to bounce soon?
Update to my last plan (click here) which played out perfectly.
Not sure if it was IBM news or pent up buying pressure.
It topped about where expected, and is now pulling back.
It has just hit first support zone and is reacting pretty well.
There is however a Resistance zone close to current price.
Perhaps a scalp long now in case it is ready to resume climb.
The other Support zones below would be more Ideal entries.
I am doubting it will fall below 10 cents again any time soon.
So a great entry might be the 10.70/80 cents if it goes there.
Next Target still remains 12.40.50 cents per last analysis:
Not sure if it was IBM news or pent up buying pressure.
It topped about where expected, and is now pulling back.
It has just hit first support zone and is reacting pretty well.
There is however a Resistance zone close to current price.
Perhaps a scalp long now in case it is ready to resume climb.
The other Support zones below would be more Ideal entries.
I am doubting it will fall below 10 cents again any time soon.
So a great entry might be the 10.70/80 cents if it goes there.
Next Target still remains 12.40.50 cents per last analysis:
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