XLM has retraced nicely and possibly forms a cup and handle pattern here.
Support level is around the 3600ish.
1. target to confirm the cup and handle is a breakout above 4193.
2. target: 5400.
Put a stop loss somewhere below that possible handle.
I'm not a financial advisor. This is just for your entertainment and to share my thoughts. Pls let me know what you think in the comments. Trade at your own risk and use stop-losses.
Support level is around the 3600ish.
1. target to confirm the cup and handle is a breakout above 4193.
2. target: 5400.
Put a stop loss somewhere below that possible handle.
I'm not a financial advisor. This is just for your entertainment and to share my thoughts. Pls let me know what you think in the comments. Trade at your own risk and use stop-losses.
Comment:
Entry for this trade between 3630 and 3730. I expect it to range a bit inbetween while forming the handle.