Expecting explosive movement from XLM soon. After forming a flag, XLM is currently trading sideways on the 25 MA. BTC is key variable. If BTC breaks resistance, we should expect XLM to follow and rocket towards ATH into the green. If BTC continues to pullback, XLM may retrace back to support levels in the red. We are hovering right above the previous resistance (support) at $0.30. If it breaks further south, expect more support at $.27.
Good luck! Hopefully, we can hit orbit soon.
Good luck! Hopefully, we can hit orbit soon.
Trade closed: stop reached:
BTC rocked the crypto world as per usual and the shockwave hit all Alts. $XLM crashed through supports lines (horizontal red lines on my chart) @ $0.30 and $0.27. Support at $0.23 caught the fall and held the line. It seems to be stabilizing now at $0.24. I think this a great re-entry point.
During the chaos, I stopped out at $0.27 and was able to assume a better position at $0.23.
With the crypto market recovering, $XLM should move up from here to ATH. I am confident and very bullish on Stellar. Price target... $0.55, then $0.60, then $1.
I may HODL until ATH is reached! Set your stop losses along the way!
During the chaos, I stopped out at $0.27 and was able to assume a better position at $0.23.
With the crypto market recovering, $XLM should move up from here to ATH. I am confident and very bullish on Stellar. Price target... $0.55, then $0.60, then $1.
I may HODL until ATH is reached! Set your stop losses along the way!