MyCryptoParadise_Nathan

XLM/USDT Bullish Momentum ready for back test on the key area!

BINANCE:XLMUSDT   Stellar / TetherUS
πŸ’Ž XLM has recently shown significant market dynamics, with a successful bounce from the demand area.

πŸ’Ž Currently, it is moving upwards towards the Bearish OB (Order Block) + supply area. If XLM manages to break out successfully upon reaching the supply area, following previous rejections, probability we may witness a substantial upward movement toward our target area.

πŸ’Ž However, if XLM fails to break the supply area and experiences rejection once more, there's potential for the price to retreat downwards, possibly revisiting the demand area or even the Bullish OB area to gather momentum for a stronger breakout attempt at the supply area.

πŸ’Ž The Bullish OB area holds significant importance, as a failure to bounce and a subsequent breakdown from this level could indicate bearish momentum, leading the price further downwards.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

JOIN FREEπŸ‘‰ t.me/+IaNzEzXsdiBlNDg0

πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰ shorturl.at/ikpAV
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.