XLM made a double top indicating low buying power leading off to a fall of price now making a series of lower highs and lows rejecting off the resistance at 74c.
We could expect the price move near the 50MA to find support around 65 cents, which also coincides with the trendline which could be a good buy entry in my opinion.
TP1 - 85C
TP2 - 94C
TP3 - 1.05C
SL - 58C
We broke the ascending channel and fell below the trend line possibly to retest near the 50-61.8 FIB retracement zone.
We could see a nice upward trend once our pullback is completed.
Possible entry points - 0.052 USD
Target T1- 0.8, T2 - 0.12648, T3 - 0.15971
SL - 0.042
Educational purpose only. Not financial advice.
