COIN NAME: $XLM
POSITION: LONG
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Hope you can see, The chart shows a bullish pennant pattern, which is a continuation pattern that often signals the continuation of an upward trend.
This pattern indicates a high probability of a breakout to the upside, suggesting the price might resume its bullish momentum soon. Keep an eye on this coin for huge gain.
I am going to add more confirmation indicators in this chat, Which is EMA RIBBON AND MOVING AVG. If you notice this chart then you can see the candles are upward from then EMA RIBBON green line. Also MOVING AVG and they are Showing heavy bullish momentum on this coin. Overall This setup shows a healthy bullish market structure. That's why I'm going to take this trade as a long posiotion.
Trade Setup:
Entry: 0.5278 - 0.5169
Take Profit (TP): 0.5548 - 0.5769 - 0.5978 - 0.6369
LEVERAGE: 5x
Asset: XLM
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