XLM - Wait For The Bulls!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

XLM last week broke below the gray support and now approaching the green weekly demand zone.

For the bulls to take over from a short-term perspective, we need a daily closing back above the gray zone.

And then for the bulls to remain in control long-term, we need a daily break above the upper blue zone.

Meanwhile, until the bulls take over, XLM would be bearish and as we dive inside the weekly demand zone in green we will be looking for new buy setups to form.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich