XLM - Potential Bullish Reversal!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

XLM is approaching a strong support in green so we will be looking for buy setups.

on H4: XLM is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Another scenario would be if the bulls take over from here by breaking above the current high. (projection in blue)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, XLM would be overall bearish can still trade lower till the lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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