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theCrypster
Feb 7, 2023 11:08 AM

#XLMUSD - Drop to Recent Support, or Further? Short

Lumen / U. S. DollarKraken

Description

After a very healthy 15% gains from a recent #Lumen Long trade with Crypto Tipster v2 we've now been shown a Sell signal after testing and getting rejected by strong descending resistance.

We do have a reasonably close level of support with #XLM, how strong this support turns out to be is the question (isn't it always!) We'd set a TP1 level on this support with TP2 at the obviously strong level underneath this.

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Comment

We had the drop spot on, the price has since risen a little higher than expected, but only a little.

Are we going to continue seeing the path as per the prediction? That would indicate a drop incoming! 👀
Comments
MonoCoinSignal
Thanks for sharing
theCrypster
@MonoCoinSignal, You're welcome
DeGRAM
Thank you for sharing your analysis
theCrypster
@DeGRAM, No worries buddy
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