FieryTrading

🔥 XLM Hanging By A Thread: Will Support Hold?

Short
BINANCE:XLMUSDT   Stellar / TetherUS
XLM has yet again moved towards it's massive 2-month area of support. This area has now caused around 8 bounces, but will it cause another one?

In my view, with BTC falling and stocks selling off, there's a high probability that XLM's support area will be broken in the near future. Wait for a daily close below the support area to confirm the bearish bias.

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