$XLM/USDT Analysis
XXLM/USDT Analysis
#XLM is consolidating within a symmetrical triangle pattern on the 6-hour chart.
The price is nearing the breakout point, and a decisive move is expected soon.
If the price breaks above resistance, it could initiate a strong uptrend. Conversely, a breakdown of the support below may lead to further downside
Waiting for confirmation of the breakout with volume before entering a position is recommended.
Entry: CMP
Target: $0.6000 - $0.7000
SL: $0.3941
DYOR, NFA
#XLM is consolidating within a symmetrical triangle pattern on the 6-hour chart.
The price is nearing the breakout point, and a decisive move is expected soon.
If the price breaks above resistance, it could initiate a strong uptrend. Conversely, a breakdown of the support below may lead to further downside
Waiting for confirmation of the breakout with volume before entering a position is recommended.
Entry: CMP
Target: $0.6000 - $0.7000
SL: $0.3941
DYOR, NFA
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.