Range low defended — base is forming.
🟢 $XLM - LONG
Trade Plan:
Current Price: ~0.16080
Entry Zone: 0.15700 – 0.16150
SL: 0.15150
TP1: 0.16900
TP2: 0.17650
TP3: 0.18800
XLM is compressing at 0.1608 after a 2.21% bounce, and the 0.15700–0.16150 retest zone is the range-low support that has been defended repeatedly. The 4H EMA20 at 0.1590 is flattening and turning up, a sign that selling pressure is exhausting, while volume profile shows accumulation at 0.156–0.163 rather than distribution. RSI at 47 is neutral with no bearish divergence, leaving room for a range expansion higher. A 4H close below 0.15150 invalidates the base thesis.
Buying the 0.15700–0.16150 range-low retest or waiting for 0.16900?
Click below for trade 👇
DYOR & manage risk!
$XLM
🟢 $XLM - LONG
Trade Plan:
Current Price: ~0.16080
Entry Zone: 0.15700 – 0.16150
SL: 0.15150
TP1: 0.16900
TP2: 0.17650
TP3: 0.18800
XLM is compressing at 0.1608 after a 2.21% bounce, and the 0.15700–0.16150 retest zone is the range-low support that has been defended repeatedly. The 4H EMA20 at 0.1590 is flattening and turning up, a sign that selling pressure is exhausting, while volume profile shows accumulation at 0.156–0.163 rather than distribution. RSI at 47 is neutral with no bearish divergence, leaving room for a range expansion higher. A 4H close below 0.15150 invalidates the base thesis.
Buying the 0.15700–0.16150 range-low retest or waiting for 0.16900?
Click below for trade 👇
DYOR & manage risk!
$XLM
