🔥 XLM On Strong Support: Bounce Likely

Over the course of around 1.5 years, XLM has been following this support line. For multiple occasions the support held strong and caused a bounce.

Seeing that XLM has yet again touched said support, I see it likely that the price will at the very least bounce in the coming days. Unclear yet if the support will hold; if it won't, we might face further downside.

In case of a bounce I'd be looking at the $0.39 area for a potential exit. We'd have to see if BTC manages to reach 60k again in the coming days.

Happy trading!