After a short rally, we've got a new pennant with support at 465 - looking for a breakout in the next 36 hours. Targeting 700 as an exit with stop loss at just below support.
Comment:
Sticking right around the channel so far - I've got stoploss at 430 right now. We could be looking at a late breakout, or it could continue the slight downtrend and breakdown in the next 24 hours. Playing it close to see which way it breaks.
Trade active:
This is what we've been waiting for the past few days - XLM has been consolidating and is trying to break out right now. Hovering between the 485-495 range, looking for a jump and exit at 700. Hang tight and watch close!
