FxWirePro: XLM/USD trades higher and recovers more than 30% in past 4 hours, good to buy on dips

Major support - $0.1800

Stellar Lumens has shown a good recovery of more than 30% in past 4 hours following foot steps of Ripple. The pair hits high of $0.2570 and is currently trading around $0.252690.

On the lower side, near by support is around $0.2100 (55- 4H EMA) and any violation below targets $0.1950/$0.1800. Any violation below $0.1800 targets $0.150/$0.100.

The pair is trading higher well above short term and long term moving average in 4 hour chart. XLMUSD has broken major resistance $0.2450 and a jump till $0.2875/$0.300 is possible.

It is good to buy on dips around $0.2150-75 with SL around $0.1800 for the TP of $0.300.