Weekly Resistance
The pink area you see here used to be support. It’s acting as resistance now. We may break above it or not, but for now price has rejected this level, and closing below this level is not going to be very good news. You are seeing many crypto scammers on trading view calling for explosive bullish moves for this asset. The same people who were calling for alt season before XLM took a big hit. I tried to warn people, but they fell for the sweet words of the scammers. Those scammers may be right this time, but don’t jump in without confirmation. I don’t care about short term traders and this post is not for them. That’s why I’m focusing on the weekly resistance and the weekly candle. This is basic stuff, I’m not talking rocket science here. XLM is not bullish if it cannot close above this weekly resistance level. For those of you calling for the XLM bull market, please wait for this asset to at least break above one single weekly resistance level and then you can continue to shill your coin to people.
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