XLMBTC / 4h / Technical Analysis / Price Projection
XLMBTC / 4h / Technical Analysis / Price Projection
Falling trend lost its momentum as stated with black lines. It touched the major support level and turned up. First green rectangle line at 3300 satoshi is the first resistance level. Placing a protective stop at 2850 satoshi would give you a 1/2 risk-reward ratio.
We closed a day with a big green candle but there was not enough volume. Seek volume %25 higher than normal to take a position.
Good luck.
Falling trend lost its momentum as stated with black lines. It touched the major support level and turned up. First green rectangle line at 3300 satoshi is the first resistance level. Placing a protective stop at 2850 satoshi would give you a 1/2 risk-reward ratio.
We closed a day with a big green candle but there was not enough volume. Seek volume %25 higher than normal to take a position.
Good luck.
Trade closed: stop reached:
Price hit my stop, my position was closed. Since it made a new low, I am just observing for new formations. Overall market is falling.