Beautiful tightening equilibrium primed to pop
XLM 1H equilibrium that's been tightening for 3 days down to a very narrow range primed for some price action. Good risk to reward scetup with clear stop level of most recent low of 0.336441 or looser stop at 0.33. this represents 2% risk to over 6% reward before nearest resistance level at 0.365.
Note
(0.365 resistance level is based on the assumption that an influx of volume will blast through the nearby 0.349-0.350 level)
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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.