The short term for xlm that means technically xlm could maybe drop another 10 or but i don't want you to panic if that happens we're at a critical support level and i'm going to show exactly why if we switch on over to the daily chart why it's so important look where we're at the top of the screen box and this should hold us as support within the next couple days to weeks because look if the way back here back in 2021 look at the confluence of this we had one local high
We had two local highs we had support before our bear market on this box as well this is huge confluence area and really a level that we should be holding as support and flipping it as all resistance into new support and i think we should get a bounce somewhere in this box you see if we break this short term resistance now turn into support a couple times it's not the end of the world we have this whole box that could possibly be our support if we dip down you panic sell your xlm that we accumulated all down all the xlm that we accumulated during this consolidation during this consolidation you see xlm has been doing the exact same thing for the past couple of times