When it is back at this level I will be watching closely for a good entry after another bounce from the .
The weekly uptrend line also forms the bottom of the large triangle formed between 2 weekly . This triangle has been respected at the top and bottom for quite some time so there could be good potential for a mid to long term hold on XLM .
Also could enter on the smaller time frames to catch a potential bounce off the for a quick gain.
If XLM breaks down through the uptrend line, it is likely we will head down to 3k.
Dropping through the support and trend line before a bit of a rally.
Keeping a close eye on this but not entering for now.