XLM short termHello
this time I am posting a short term idea (few days to few weeks).
After explosion in Q4 of 2024 XLM has formed a downtrending channel which can potentially turn into a bull flag.
Currently XLM price is sitting at a bottom of this channel.
Short term traders can look to purchase some XLM now and wait till it comes towards the top of the channel to sell and get some profit. If it reaches top of the channel potential is 50% price increase.
If the market turns bullish in next few days to weeks XLM might even break upwards out of this bull flag but do not count on it just yet.
This idea is somewhat risky so proceed with extreme caution and with tight stop-loss below the channel.
Good luck.