Excellent upward order float formation - #XLM
💬We can see how aggressive the buyer is being as it is coming out of a very long consolidation.
🕯At the moment we are trading under the main volume level POC(0.11618$) and also tested the upper boundary of the zone of interest again, as a rule such formations lead to trend acceleration and strong growth.📈
In the short term I expect to see consolidation above the POC level and retest of the resistance zone.
📝Medium-term I intend to see a breakdown of this zone with the removal of swing highs above, a test of the 0.5 Fibonacci level and a local correction before the continuation of growth.
Globally, I am confident in reaching two targets, namely $0.196 and $0.241, but I am not in a hurry to take a high risk trade, rather a medium one, after confirmations I will pick up.✔️
