XLM Retesting A Weekly Demand – Will Buyers Step In?

XLM is approaching a major weekly demand zone marked in blue, an area that has repeatedly attracted buyers throughout the past several months. 🔵

After the recent explosive rally, price is now pulling back toward this key support region, where we expect buyers to become active once again.

As long as the weekly demand zone holds, we will be looking for longs, anticipating a bullish reaction and a continuation of the broader upward move. 📊

The recent correction would be considered healthy within the larger picture, allowing price to revisit a high-probability demand area before potentially resuming higher.

This zone remains the key level to watch in the coming weeks. ⚡

Will the bulls step in and defend demand once again? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr