$XLM pushed into a local breakout attempt on the 1-hour chart before pulling back slightly to trade around $0.2249.
The price is nearing a key horizontal demand shelf situated around the $0.2100 – $0.2200 region, which serves as the primary support floor where buyers previously stepped in to fuel the upward momentum.
The technical roadmap projects a corrective downswing into this lower demand floor to retest support and capture liquidity before launching a secondary expansion wave toward upper targets near $0.2400.
Buying directly into the active pullback carries an unfavorable risk-to-reward ratio, making a patient entry off the lower support floor the cleaner play.
#XLM #Crypto #Altcoin Season#
The price is nearing a key horizontal demand shelf situated around the $0.2100 – $0.2200 region, which serves as the primary support floor where buyers previously stepped in to fuel the upward momentum.
The technical roadmap projects a corrective downswing into this lower demand floor to retest support and capture liquidity before launching a secondary expansion wave toward upper targets near $0.2400.
Buying directly into the active pullback carries an unfavorable risk-to-reward ratio, making a patient entry off the lower support floor the cleaner play.
#XLM #Crypto #Altcoin Season#
