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$XLM 1h | Market Structure
- I expect a high probability of a reaction around the 0.1642 level. If a manipulation occurs below this recent swing low and is followed by a bullish reversal pattern, I anticipate a bounce to 0.1680 first and potentially 0.1695-0.1700 next.
If there is no reversal after a sweep, or if price rapidly breaks down below 0.1639, I would shift my bias to bearish continuation toward the next demand zones.
Wait for clear confirmation (such as a strong bullish candle or reversal pattern on lower timeframes) before entering. Do not jump in blindly at support!
- If price breaks and holds above 0.1700, this could signal a deeper reversal toward 0.1737 and higher.
- Trade setup: Enter long after a confirmed sweep/reclaim of 0.1642, target 0.1680 and 0.1695-0.1700. Stop-loss just below the manipulation low (swing low).
If there's no bullish confirmation, stand aside and wait for price action to develop. $XLM
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