FX_Academy

Stellar retreat underway

Long
BINANCE:XLMUSD   Stellar
The current drop is natural after the failure to reach the median line (ML) of the ascending pitchfork. It has also failed to reach the 38.2% Fibonacci retracement level, so the drop is natural. A breakdown below the inside sliding line (sl2) will confirm a further drop towards the LML and towards the outside sliding line (sl). Only a false breakdown below the mentioned support levels followed by a retest will signal another bullish momentum.

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