XLMUSDT idea
My thoughts on XLMUSDT.
For the moment :
- Momentum: nothing bullish on a daily basis.
- Structure: nothing confirmed on a daily basis
- Location: we are in a long term buy zone, but too high according to my criteria.
The reload zone 1 was used as an accumulation zone in December and early January. We may go back there, because for the moment the momentum is not good.
If we want to go higher, we need to break above 0.3050 with a daily candle close. Ideally with a conclusive retest.
If we break 0.2265 expect to visit the reload zone 2 which is an excellent entry. You can place orders now in this area to eat up liquidity in case of a crash.
Note : there is a hole in the volume profile between 0.26 and 0.19, it may attract the price like a magnet. It could be in a few days or in a month or more. But we'll get back to it.
TP : a bit early to say, but between 0.6485 and 0.5695 seems to be a logical area.
For the moment :
- Momentum: nothing bullish on a daily basis.
- Structure: nothing confirmed on a daily basis
- Location: we are in a long term buy zone, but too high according to my criteria.
The reload zone 1 was used as an accumulation zone in December and early January. We may go back there, because for the moment the momentum is not good.
If we want to go higher, we need to break above 0.3050 with a daily candle close. Ideally with a conclusive retest.
If we break 0.2265 expect to visit the reload zone 2 which is an excellent entry. You can place orders now in this area to eat up liquidity in case of a crash.
Note : there is a hole in the volume profile between 0.26 and 0.19, it may attract the price like a magnet. It could be in a few days or in a month or more. But we'll get back to it.
TP : a bit early to say, but between 0.6485 and 0.5695 seems to be a logical area.
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