Tomas_MP

My accumulation zone for Stellar

Long
BITTREX:XLMUSD   Stellar Lumens
Personally, I am very bullish on Stellar on the long term, but due to the bitcoin value that has been decreasing over the past few weeks, Stellar has been decreasing with it. In my opinion, Stellar has 3 major supports, the first one already broke while the other two are still intact. For me, there is a high probability that Stellar will bounce between the 0.782 Fibonacci retracement and the 0.88 Fibonacci retracement. If you buy in this zone, you will have a nice entry with a good risk to reward ratio. If you have any questions or comments on this TA, let me know, all feedback is highly appreciated!
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