STELLAR BULLISH MOMENTUM-XLMCRYPTO:XLMUSD
XLM Continuation Rally: An Analysis
Bullish Arguments:
PMH (Previous Monthly High) disrespected
PML (Previous Monthly Low) disrespected
Weekly Bullish FVG respected
PWL (Previous Weekly Low) disrespected
PWH (Previous Weekly High) disrespected
PDL (Previous Daily Low) disrespected
4H swing low disrespected
4H Bullish FVG respected
Bearish Arguments:
PDH (Previous Daily High) respected
4H swing high respected
Bullish 81.82%- Bearish 18.18%
Trade Management:
This setup involves high risk and requires close monitoring of price action. Use a tight stop-loss (SL) to manage risk, and aim for a take-profit (TP) near the 2021 ATH zone. Staying alert to market movements is critical for this trade