đ $XLM
LONG SETUP đ
XLM flushed to $0.18489, then built a slow recovery, reclaimed its falling 99 MA, and is now holding above all three moving averages on the 1H after a strong push up to the $0.204 area. Iâm watching for a long on a pullback into the MA support zone, not chasing the current candle. đ
Entry: $0.2005 - $0.2020
TP1: $0.2045
TP2: $0.2085
TP3: $0.2140
SL: $0.1965
đș Why XLM is on watch:
Price ($0.20219) is trading right around the 7 MA ($0.20229) and above the 25 MA ($0.20051) and the 99 MA ($0.19655), with the MAs stacked in bullish order and the 99 MA now flat after the long slide from $0.22719 The structure shows higher lows since the $0.18489 bottom, and the breakout above the 99 MA around $0.196 to $0.198 turned that former resistance into support The latest candles are small and consolidating just under the recent high of about $0.204, which looks like a pause after a strong green push rather than a reversal The $0.2005 to $0.2020 area (25 MA / 7 MA) is the first support, with the 99 MA near $0.19655 below it. A 1H close above $0.2045 would confirm buyers are in control, while a close under $0.1965 invalidates the setup.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
LONG SETUP đ
XLM flushed to $0.18489, then built a slow recovery, reclaimed its falling 99 MA, and is now holding above all three moving averages on the 1H after a strong push up to the $0.204 area. Iâm watching for a long on a pullback into the MA support zone, not chasing the current candle. đ
Entry: $0.2005 - $0.2020
TP1: $0.2045
TP2: $0.2085
TP3: $0.2140
SL: $0.1965
đș Why XLM is on watch:
Price ($0.20219) is trading right around the 7 MA ($0.20229) and above the 25 MA ($0.20051) and the 99 MA ($0.19655), with the MAs stacked in bullish order and the 99 MA now flat after the long slide from $0.22719 The structure shows higher lows since the $0.18489 bottom, and the breakout above the 99 MA around $0.196 to $0.198 turned that former resistance into support The latest candles are small and consolidating just under the recent high of about $0.204, which looks like a pause after a strong green push rather than a reversal The $0.2005 to $0.2020 area (25 MA / 7 MA) is the first support, with the 99 MA near $0.19655 below it. A 1H close above $0.2045 would confirm buyers are in control, while a close under $0.1965 invalidates the setup.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!