XLM on 4H: Classic retest of the level. Preparing for a new impulse?
The XLM/USDT chart on the 4-hour timeframe now serves as a textbook example of how an asset behaves in a healthy uptrend. After a powerful impulse, the price entered a phase of consolidation, and here’s what to pay attention to right now.
We see a clear hold of the zone $0.172 – $0.173. Previously, this range acted as local resistance, but now it has turned into strong support. As long as the price remains above this line, the priority is with the bulls.
The price is literally 'lying' on EMA 15 (yellow) and EMA 25 (purple). These are dynamic support levels that often serve as a springboard for the next jump. The fact that the candles are not closing below them indicates the strength of the buyer.
Conclusion: At the moment, we are observing a technical pause. This is a great opportunity for those who missed the first impulse to take a closer look at the asset during the retest of key zones.
Everything is happening as I have noted earlier. I am holding positions and will watch the result. Join if you believe in further movement 💪. $XLM
$Also, the link to start trading 1040364384.