XLM Looks Ready for a Reversal? 👀
After testing the same demand zone multiple times, XLM continues to show signs that buyers are defending this area. Every revisit has been met with buying pressure, which is exactly what we want to see before a potential trend reversal. At the same time, price is still trading inside a descending trendline, so this level remains the key obstacle.
A confirmed breakout above the trendline, followed by a successful retest, would significantly strengthen the bullish case. If that happens, the next upside targets are around 0.186, 0.193, and 0.203. Until then, patience is important because the setup is still waiting for confirmation.
Bullish confirmation checklist:
✅ Demand zone continues to hold.
✅ Strong candle closes above the descending trendline.
✅ Breakout is supported by increasing volume.
✅ RSI continues strengthening above the mid-level.
After testing the same demand zone multiple times, XLM continues to show signs that buyers are defending this area. Every revisit has been met with buying pressure, which is exactly what we want to see before a potential trend reversal. At the same time, price is still trading inside a descending trendline, so this level remains the key obstacle.
A confirmed breakout above the trendline, followed by a successful retest, would significantly strengthen the bullish case. If that happens, the next upside targets are around 0.186, 0.193, and 0.203. Until then, patience is important because the setup is still waiting for confirmation.
Bullish confirmation checklist:
✅ Demand zone continues to hold.
✅ Strong candle closes above the descending trendline.
✅ Breakout is supported by increasing volume.
✅ RSI continues strengthening above the mid-level.
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Join My Free Signal Channel ➡ t.me/Leo524
Join For More Indicators ➡ t.me/leoindicators
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.