XLM - Trend Following Buy Setup!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

XLM is overall bullish and it is now approaching our blue trendline so we will be looking for buy setups.

on M30: XLM formed a valid channel in red but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.

Trigger => Waiting for a momentum candle close above the last swing high in gray to buy.

Meanwhile, until the buy is activated, XLM would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich