Giving credit to @TheSignalyst as all I'm doing is pretty much copying his style.
Not trading advise, just playing and learning.
Currently XLM seems to be trading between $0.4 and $0.44. I'm labeling $0.4 as minor resistance as it has been broken several times recently. It could be used as a swing trade but I prefer to be more conservative and I will wait to see if we go below $0.4 again and use the wider swing between around $0.36 to $0.43.
It should also be considered that the one day chart shows XLM forming a triangle, so I wouldn't be surprised for an attempt to break towards $0.47 soon. Waiting and see or taking profits at around $0.44 depends on each person risk approach.
All alts have been following BTC and any big red candle in BTC will be felt in XLM instantly so have an eye on that.
Good luck.
Not trading advise, just playing and learning.
Currently XLM seems to be trading between $0.4 and $0.44. I'm labeling $0.4 as minor resistance as it has been broken several times recently. It could be used as a swing trade but I prefer to be more conservative and I will wait to see if we go below $0.4 again and use the wider swing between around $0.36 to $0.43.
It should also be considered that the one day chart shows XLM forming a triangle, so I wouldn't be surprised for an attempt to break towards $0.47 soon. Waiting and see or taking profits at around $0.44 depends on each person risk approach.
All alts have been following BTC and any big red candle in BTC will be felt in XLM instantly so have an eye on that.
Good luck.