Axis of Resistance1) I identify the 2 major resistance levels to be the orange rectangles.
2) the first resistance level of 123.6% is not high enough of a target for a violent bull market.
3) since XLM has been underperforming for half a decade, I expect this bull market to be as violent as the 2017 bull market.
4) my target for selling would be the 178.6% Fibonacci extension level which happens to be a major resistance level as well.
5) I plan on buying back at 23.6% or 38.2% Fibonacci retracement level which I have not decided yet.
6) once I decide on buying back at any of those two retracement levels, I’ll set a sell target of $4 per piece.