Hello Traders and everyone, I AM HADI KARAALI, KNOWN AS SNIPERS_FX
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XLMUSDT, as we can see from daily time frame price is clearly overall bearish
However, price is now around a massive support zone and round number 1
As we were bearish from a long term, however we are now stuck inside this range
For the bulls to kick in again we need a break above the upper bound of the range
until that price can still dive more before a full reversal
If we had a break below the range then a movement lower would be expected
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
XLMUSDT, as we can see from daily time frame price is clearly overall bearish
However, price is now around a massive support zone and round number 1
As we were bearish from a long term, however we are now stuck inside this range
For the bulls to kick in again we need a break above the upper bound of the range
until that price can still dive more before a full reversal
If we had a break below the range then a movement lower would be expected
and as usual follow your trading plan and manage your risk.
Be patient and good luck!