StrikeTrading

Stellar (XLM) on watch for breakout or breakdown soon

BINANCE:XLMUSD   Stellar
As XLM continues you trade within the trend, we're looking for a bounce at 0.145 to roughly 0.153 in order to continue retesting resistance in the trend. If XLM continues to bounce off of 0.145 as support in the next few days, we will likely see a breakout near the 0.15 level to the upside. If it breaks under 0.145 it can reach 0.139 before a bounce. If it breaks under 0.139, we're watching 0.13 and 0.12 as the next support levels. Sitting out until confirmation of direction, good luck!

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