Stellar (XLM) - breakout+push at 200EMA

Hello Traders

Recently, XLM experienced a promising push from the 200 EMA, showing bullish momentum. This ascent gives us confidence that there's potential for it to challenge the upper resistance zones.

After a notable rejection from the 200 EMA, XLM appears to have found its footing and is making moves to upper zones. If this momentum continues, there's a high probability for XLM to aim for the marked upper zones at $0.02145 and $0.00980.

However, as with all trades, it's vital to watch for any unexpected turns and confirmations before making a move. Observing the next few candles and the behavior around the 200 EMA will offer more clarity.

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Yours Sincerely,

Swallow Team


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