$XLM/USDT Analysis
2025-01-23
Category: None

$XLM/USDT Analysis

#XLM is consolidating within a symmetrical triangle pattern on the 6-hour chart. 
The price is nearing the breakout point, and a decisive move is expected soon. 
If the price breaks above resistance, it could initiate a strong uptrend. Conversely, a breakdown of the support below may lead to further downside

Waiting for confirmation of the breakout with volume before entering a position is recommended.

Entry: CMP
Target: $0.6000 - $0.7000
SL: $0.3941

DYOR, NFA