XLMUSDT Technical Analysis

Jun 12, 2021

XLMUSDT has formed a Falling Wedge with 4 rejection at the Resistance and 3 Rejection at the Support. Meanwhile we see a Divergence in RSI which indicates a potential uptrend. There might be the 5th Rejection at the Resistance also or it might just break above the Resistance and goes higher. If we get the 5th Rejection at the Resistance then a Pullback to 0.283 is expected before the price goes higher to at least 0.352. In either cases we need to see the lower time frame before we enter any trade. If we get the confirmation at the lower time frames it would be safe to enter.

Buy at Resistance Breakout or Buy at 0.283

SL @ 0.26

TP1 @ 0.352
TP2 @ 0.434
TP3 @ 0.53

Happy Trading :)