Let’s review the very old Stellar coin. It’s platform for p2p payments with built-in decentralized exchange. The project has great functionality and potential for further development.
The chart shows that the current rate decrease occurs at low trading volumes, which can be a signal for a strong upwards kick. A good entry point is 0.0000364-0.000037. In addition, it is a strong support area. But, before the rebound, the rate can roll back to 0.00003535-0.00003585. Such a thing is unlikely, and if it's happens, this movement will be sharp, opening long positions will problematic in that case. Due to the proximity of the current rate to the support level, opening short positions is dangerous. Daily volatility is usually 6-8%.
Good asset for both long-term investments and intraday trading.
The chart shows that the current rate decrease occurs at low trading volumes, which can be a signal for a strong upwards kick. A good entry point is 0.0000364-0.000037. In addition, it is a strong support area. But, before the rebound, the rate can roll back to 0.00003535-0.00003585. Such a thing is unlikely, and if it's happens, this movement will be sharp, opening long positions will problematic in that case. Due to the proximity of the current rate to the support level, opening short positions is dangerous. Daily volatility is usually 6-8%.
Good asset for both long-term investments and intraday trading.
