I'll make this brief. XLMBTC is one of the more bullish pairs in the current crab market. The setup looks very similar to ICP which pumped pretty hard today. I don't know what path it's going to take to get to the final target, but eventually it will get there. I would absolutely not be surprised to see a hard pullback at some point to retest the lows, but it doesn't need to go back if it can break through resistance and hold with a sign of strength.
Trade closed manually
This was technically right, but it's an awkward trade because everything tanked in USD value.
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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.