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
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
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.