Morteza3354

XLMUSDT: Buy Opportunity Ahead?"

Long
KUCOIN:XLMUSDT   Stellar / Tether
Hey there! So, I've been keeping an eye on XLMUSDT, and I've noticed that the price has broken its downward trendline after 300 days with large volume. This could mean that we might see some bullish action soon.

However, I do think that there might be a bit of a pullback in the near future. In the pullback area, we've got a few potential support levels, like a horizontal support level, SMA200, and monthly pivot, that could help prop up the price and give us a chance to buy in at a good price.

Overall, things are looking pretty positive for XLMUSDT, but it's always a good idea to wait for candlestick confirmation before making any trading decisions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.