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!
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!
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