What's up trader's, investors and all the delusional moonboy newbie's. Here is an update on XLM! This analysis is more of an eye opener if anything. We just had a nice bounce from our buy zone on the retest of $.20. Yes I loaded up, and just closed my trade last night at $.267 after taking profit on the way up. The only XLM
I'm holding right now is about 10k worth that I owned at sub $.10 which is my long term hold. Right now, I'm seeing a possibility of a bull trap. I could be wrong and will gladly reopen a medium term long trade if we break $.30. At most our next target is the $.285 -$29.9 area before a nice retracement. I'm not taking that chance because I'm not trusting this trend right now. It just doesn't feel right. I always look at past history volume
and I'm always looking for fractal's and right now the volume profile
is way off. I'm really surprised that we didn't have more volume
at $.20. I also see this death cross happening on the daily which is a real big deal and no one is talking about it! It didn't cross yet, but it should definitely not be ignored and that is why I closed my trade. I honestly don't know what's going to happen at the moment. I need more information and right now the information that I have is telling me to stay on the sidelines. Besides, I just made 25% on my trade and there's plenty of time to get into XLM
for long term gains. No one is beating down the door to get into this coin right now. Was this a dead cat bounce because of the moneygram news? Is $.12- $.16 still a possibility? You bet you ass it is , and we will be ready for whatever happens. I'm really hoping that we get more of pump on XLM
which will stop those MA's from crossing. SO, I'm warning everyone to pay attention and trade with caution. When I get more information, I will post analysis with some targets. Later guys and happy trading!!