Xlm falling out of triangle. Downside target $.16-$.17 Short

Stellar / United States DollarCoinbase

Description

⋅ Jan 21, 2021 11:59 AM

XLM seems to have fallen outside of the traiangle on the 4hr tf. This is not good as the measured move could take XLM to about $.16-$.17

Trade closed manually

⋅ Jan 29, 2021 7:09 PM

Took profits and closed.

Comments

WhiteJesus

⋅ Jan 21, 2021 5:02 PM

I think the fall is due to BTC correction and I believe it’s temporary. Even if support does break below .26 it will hold at .21. All a part of btc dominance breaking down for alt season I hope

1BigPapi

⋅ Jan 21, 2021 3:04 PM

I noticed when BTC first started dropping that XLM more/less stayed steady at low 30s to high 20s. I guess that tolerance is still low enough with the big drop that BTC free falling to say high 20s possibly is enough to pull XLM back to early Jan?