$XLM - adding some to my portfolio đŒ
After breaking out of a 9-month accumulation zone, the price of $XLM exhibited a strong impulse, piercing its boundary with high volumes and establishing a local peak around $0.20.
Following the correction the imbalance was covered, and we observe that the upper channel boundary now acts as a support - the price has already shown a rebound and consolidated above.
đ§đ»âđ« Judging by the order blocks, the main layer of seller liquidity was removed during the initial impulse. Thus, the range of $0.12 - $0.20 becomes highly attractive for buyers.
Pay attention to the broader marketâ as anticipated, altcoins are demonstrating the strongest dynamics during overall recovery. Based on this trend, I anticipate $XLM making a move towards the 0.236 Fib ($0.218) in the coming weeks.
đđ» I entered $XLM with 3% of my deposit and placed a limit order for another 3% in case of a retest of the upper boundary of the accumulation channel.#