Watching $XLM closely as it tests lower levels
As long as $XLM stays below the SMA25, it looks primed for a leg down, targeting the support level at 0.1590, imo the bears are in control here
Price is below the SMA7 and SMA25, the 10-bar trend is bearish, and the last candle is bearish, volume is flat to falling
A daily close above 0.1964 breaks this setup and could indicate a trend reversal
Are you shorting this move on $XLM or looking for a bounce?
As long as $XLM stays below the SMA25, it looks primed for a leg down, targeting the support level at 0.1590, imo the bears are in control here
Price is below the SMA7 and SMA25, the 10-bar trend is bearish, and the last candle is bearish, volume is flat to falling
A daily close above 0.1964 breaks this setup and could indicate a trend reversal
Are you shorting this move on $XLM or looking for a bounce?