How you doin my XLM friends. Hope you are still HODLing.
These are the levels that I found as I repeatedly checked this chart from different frames. I really like this one to moon cos I feel a strong potential.
Anyway, from the 6D frame, you can see coloured trend lines that acted as support and respected by the price action since 2018 movements. Now price is currently at the green line and gray dotted line (Spotted some doji and other candle sh*ts here, I guess a level to break) where most of the big movements started. Although I noticed that we have a down gap on the current candle which maybe a bearish sign. But is can be a good pattern as well cos if price will make new low, there is a potential form of bullish (if momentum bottoms don't match with price bottoms. *Fingers crossed*) regular or hidden divergence like what we had way back 2020. And that makes a healthier trend.
Right now, from the Market Cipher indicator, the price have reached the bottom of trend on multiple high frames so I expect some pump it movement baby.
We have few more hours before the 6D close. So what do you think?
@arashjooya from past levels we have $0.2 as 1st. This is one point to break. If ever we breakout this level it is always safe to follow your trade with stop loss. we might reach $0.35 then correction, retest or dump back to $0.2. Big movements can sometimes exceed the levels but turn out to be a fake breakout so stop loss is your best option. If you don't like stop then always set your TP below major levels like $0.19, $.034 and so on. :)
gra0711
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@arashjooya swings can still be affected by bitcoin tho, so take whatever you can take. Happy Trading!