COIN NAME- #XLM
SIGNAL TYPE- LONG
This XLM/USDT chart shows a symmetrical triangle pattern, often a continuation signal. The price is breaking out of the upper resistance line of the triangle, indicating a potential bullish move. The projected upward target is approximately $0.42, representing an 85.92% increase from the breakout level.
The breakout suggests strong buying momentum, supported by the steady volume. If the breakout sustains, the price could rally significantly. However, it’s important to monitor volume closely as confirmation. A failed breakout or lack of volume could result in consolidation or retracement. This setup indicates bullish potential, but risk management is key.
Trade Details:
Entry: Around 0.4750 ( Join my Binance live for premium crypto signals )
TP: 0.9100
SL: 0.4000
$XLM
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