XLM/BTC appears to be losing momentum.
It has been rejected twice with relatively high volume.
A break below this support line as well as the 0.236 would mean it would need some time to regain steam if it's going to retest the high again.
With BTC looking favorable, these pumped alts will be getting sold off for BTC and are more likely to stop pumping.
The short setup is to open a short when it crosses below the 0.236 fib, or even now.
Then take some profits at the 0.382 and go from there.
It has been rejected twice with relatively high volume.
A break below this support line as well as the 0.236 would mean it would need some time to regain steam if it's going to retest the high again.
With BTC looking favorable, these pumped alts will be getting sold off for BTC and are more likely to stop pumping.
The short setup is to open a short when it crosses below the 0.236 fib, or even now.
Then take some profits at the 0.382 and go from there.