XLM LONG POSITION SHORT TERM
We just bounced off of a strong demand zone, XLM has a strong correlation with XRP and since XRP is rising we are expected to see XLM rise as well, Our targets are at liquidation zones that market made by going down.
Indicators:
AROON: Already is showing strong bullish momentum
EMA: We just crossed 50 EMA zone that shows bullish momentum
Bollinger bands: We bounced off of a bottom Bollinger band.
Entry: 0.206510
Invalidation: 0.160401
Target 1: 0.257
Target 2: 0.3064
Indicators:
AROON: Already is showing strong bullish momentum
EMA: We just crossed 50 EMA zone that shows bullish momentum
Bollinger bands: We bounced off of a bottom Bollinger band.
Entry: 0.206510
Invalidation: 0.160401
Target 1: 0.257
Target 2: 0.3064
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