Sometimes the most dangerous setup is the one that looks quiet.
XLM is currently sitting around 0.2166 with a market cap near 7.57 billion. The 24 hour move shown in the screenshot is only 0.37 percent, but that is exactly why I am watching it. When the market begins rotating and capital starts moving away from the strongest performers into large established altcoins, quiet consolidation can become the launchpad for the next expansion.
The silence before the storm is visible here.
I want to see XLM hold the 0.213 to 0.216 area and then reclaim higher levels with increasing volume. If Bitcoin dominance starts weakening while altcoin liquidity improves, XLM could become much more interesting.
Whale activity is another confirmation point. A quiet chart followed by larger transactions and expanding volume can completely change the character of the move.
This is not the coin I would chase after a huge candle. I want the support, the confirmation and then the expansion.
EP 0.213 to 0.217
TP 0.225
TP 0.235
TP 0.250
SL 0.204
I am ready for the move.
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