XLM was pumped up fast and had to correct, this correction came together with a btc run which made it crash down even farther (like most alts).
Despite this, the outlook for this coin is still very . Low per unit costs which increases chance of pumping in this irrational market. FairX partnership.. Could be huge. Other rumors..
At this point only very impatient traders and weak hands are selling into larger buy orders, downward pressure is minimum and I am seeing consolidation around 4300 satoshis on the 5 minute.
has crossed over on the 1H is and is about too one the 2H.
I am putting target price for myself as a short term trade and not using a stop loss.
You could aim for 6000 sats and a stop loss at 3800.