This time we are going to look at XLM-the Stellar Token.Even though we are far away from the 1$ mark that we almost touched at the end of 2017, XLM looks back on track for another rally.
The triangle formation that has been formed has been confirmed by multiple points.As we can see,the 2.9k line has proven to be a strong resistance for XLM ,proving,once again,that we are about to see another rally.
How to trade: In my opinion,buying at 3.2k would be a wise decision.In case this may seem to risky for some of you,i strongly recommend watching for a Golden Cross,that is expected to occur next week. Nevertheless,i would set a stop-loss at 2.8k sats ,just to have my funds safe.
Expected profit: Short term,the profit that this trade can get you is of about 20%,which isn't anywhere close to winning the lottery,but represents a good trade,especially when it comes to the risk-profit ratio.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
For any questions,leave a comment down below and i will answer as soon as i get to see it.