OKX:XLMUSDT   Stellar/Tether
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

XLM has been stuck inside a big range in the shape of a flat rising broadening wedge and it is currently approaching the lower bound / red trendline.

Moreover, the zone 0.08 is a support zone .

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.

As per my trading style:
As XLM approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

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

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL

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