Let us be straightforward this time.
This might be the buying opportunity. XLM has lost 50% since the end of November.
It is likely we will observe a change of the trend soon.
Here is the manual what do to:
1. Wait till we finally observe some demand and decreasing supply.
2. Buy the chart crosses Tenkansen on the preferably after 1-3 bars over Tenkansen line.
3. The current level of the price is low but we can fall as low as 0.00002120
4. The current level of the Sentiment Zone is the lowest over the year but it may maintain there for a while.
5. Always set your stop-loss 8-10% below your purchase price.
Technical analysis details:
• Very low on the Fibonacci scale
• Weis Waves – we have to see at least declining supply
• Ichimoku Cloud – wait till the chart crosses Tenkansen(red)
• Sentiment Zone Oscillator – this is the lowest level over a year meaning the price is really low.
So this should be profitable and stable growth.
Be patient and wait.
We are currently observing this coin and we will inform you when will be the best time to enter the position.
Remember buy low sell high!
“Be fearful when others are greedy and be greedy when others are fearful.”
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