$XLM – Potential Head & Shoulders Formation |
$XLM is currently forming a possible Head and Shoulders pattern, with the right shoulder taking shape near a key support zone.
📉 Support Zone: $0.3660 – $0.3790
📈 Neckline Resistance: ~$0.4200
🎯 Target on Breakout: $0.5206 (next major resistance)
Here’s what I’m watching:
If price holds above support, we could see a bounce toward $0.4200+.
A clean breakout above the neckline may trigger a bullish move toward $0.5206.
However, bears still have control, for now.
📌 Key level to watch: $0.4200 neckline for breakout confirmation.
NFA – Always do your own research.
