XLM - IN FREE FALL WITH SUPPORT AT 20 CENTS - CryptoManiac101
XLM / USD TA
Quick overview of XLM shows us the next closest strong support is only around 20 cents with current position being in free fall. That does not mean that we do not bounce from one of the weaker short term support zone in coming month, however strictly TA speaking overall pattern is highly bearish in this case. With that said we would not exit our positions at this phase if we held any and would be watching that 40 cents weak short term support closely.
Quick overview of XLM shows us the next closest strong support is only around 20 cents with current position being in free fall. That does not mean that we do not bounce from one of the weaker short term support zone in coming month, however strictly TA speaking overall pattern is highly bearish in this case. With that said we would not exit our positions at this phase if we held any and would be watching that 40 cents weak short term support closely.
