XLM OBSERVATION
Stellar price is testing the green ascending trend line that acted as backbone for the uptrend since the beginning of October.
XLM price looks to be making a false breakout, a bear trap, that could see large buy-side volume resulting in a bullish recovery and breakout.
Expect a quick break above $0.41 towards $0.46.
XLM price looks to be making a false breakout, a bear trap, that could see large buy-side volume resulting in a bullish recovery and breakout.
Expect a quick break above $0.41 towards $0.46.
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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.