Technical analysis by SwallowAcademy about Symbol XLM: Buy recommendation (6 hour ago)

XLM recently had a weak break of the neckline, but the move itself does not look very convincing so far. Sellers did push below, but follow-through is lacking, which leaves room for a potential recovery attempt. From here, we are watching two clear scenarios. If price manages to recover back above the neckline and hold, that would open a solid long opportunity as buyers regain control. On the other hand, if price fails to recover and drops below the liquidity zone, then we likely slide straight into the freefall zone, where a short setup would make more sense. Swallow Academy