Coin Name: $XLM
Position: LONG
Entry Price: 0.2809
On the 4-hour timeframe, XLM has formed an inverse head and shoulders pattern — a classic bullish reversal setup. The price has already broken above the neckline and completed a successful retest, indicating potential for further upside.
For those considering a long position, two possible entry points are:
First entry: $0.2809
Second entry: $0.2698
Additionally, the RSI is holding in the demand zone and showing a bullish divergence, which adds further confirmation to the bullish outlook. As always, manage your risk accordingly and trade responsibly.
On the 4-hour timeframe, the "Others" chart has broken out of an inverse head and shoulders pattern and completed a textbook retest of the neckline. If it holds above the support level and begins to move higher, it could trigger a bullish wave across mid-cap and low-cap altcoins.
On the 4-hour timeframe, BTC.D has broken down from a rising wedge pattern — a typically bearish formation — and has completed a clean retest of the breakdown level. If BTC.D continues to decline, it could signal increased capital flow into ETH and other altcoins, potentially leading to a strong altcoin rally.
Leverage: 3X
Targets:
1st TP 0.3150
2nd TP 0.3340
3rd TP 0.3550
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$XLM