XLM is showing one of the strongest bullish setups right now.
A macro “Cup”, with a smaller “Cup with Handle” forming inside it — a powerful setup often leading to parabolic breakouts.
Before a true breakout, price may fake out to the downside, trapping longs.
This is classic market maker behavior — shakeouts followed by strong reversal and breakout. Stay focused on the reaction around yellow zone.
Currently in the final stages of the “handle” formation.
A breakout may confirm a move toward $4
A macro “Cup”, with a smaller “Cup with Handle” forming inside it — a powerful setup often leading to parabolic breakouts.
Before a true breakout, price may fake out to the downside, trapping longs.
This is classic market maker behavior — shakeouts followed by strong reversal and breakout. Stay focused on the reaction around yellow zone.
Currently in the final stages of the “handle” formation.
A breakout may confirm a move toward $4
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.