#XLM/USDT Ready to Soar!
2024-12-08

$XLM/USDT Long Setup

Pattern: XLM is forming a bullish pennant pattern after a strong upward move, with consolidation narrowing between support and resistance. The 200 EMA is acting as dynamic support, suggesting bullish momentum.

Entry Range: Current price ($0.4896). Entries can be considered between $0.4800 and $0.5000.

Targets:

T1: $0.6400
T2: $0.8000
T3: $0.9400
Stop Loss (SL): Place a stop loss below the pennant's lower boundary at $0.4520 to reduce risk.

DYOR, NFA 