Price is trading inside a well-defined descending channel, forming a corrective ABCDE structure. Currently, XLM is holding within Wave C, and as long as this support remains intact, a technical bounce is expected.
A reaction from this zone should drive price toward Wave D around $0.367, aligning with the channel’s upper boundary and prior structural resistance. However, this move is still corrective in nature. Rejection from the Wave D region is anticipated, which would complete Wave E, dragging price back into the critical demand area for a potential higher-timeframe accumulation opportunity.
Key levels
Wave C support: current holding zone
Wave D target: $0.367
Wave E completion: critical demand area
This remains a corrective environment until the descending channel is decisively broken. Patience and close monitoring of price reaction at each wave remain essential.
A reaction from this zone should drive price toward Wave D around $0.367, aligning with the channel’s upper boundary and prior structural resistance. However, this move is still corrective in nature. Rejection from the Wave D region is anticipated, which would complete Wave E, dragging price back into the critical demand area for a potential higher-timeframe accumulation opportunity.
Key levels
Wave C support: current holding zone
Wave D target: $0.367
Wave E completion: critical demand area
This remains a corrective environment until the descending channel is decisively broken. Patience and close monitoring of price reaction at each wave remain essential.
Trade active
Goin so well towards the next wave leg.
📍Let’s Trade Smart & Stay Protected ⭐️⭐️
📌 Follow only my official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 Promotions, Ads & Partnerships: 📥☎️ t.me/WESLAD
⚠️⚠️Stay safe out there! ❌❌
📌 Follow only my official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 Promotions, Ads & Partnerships: 📥☎️ t.me/WESLAD
⚠️⚠️Stay safe out there! ❌❌
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.
📍Let’s Trade Smart & Stay Protected ⭐️⭐️
📌 Follow only my official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 Promotions, Ads & Partnerships: 📥☎️ t.me/WESLAD
⚠️⚠️Stay safe out there! ❌❌
📌 Follow only my official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 Promotions, Ads & Partnerships: 📥☎️ t.me/WESLAD
⚠️⚠️Stay safe out there! ❌❌
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.