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Stellar (XLM) - February 10

readCrypto Mod Updated   
BINANCE:XLMUSD   Stellar
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(XLMUSD 1W Chart)
(All: www.tradingview.com/x/9EVr7OfL/)
It needs to move above the 0.2926 1600 point to turn into an uptrend.

However, it should move above the 60 SMA level to accelerate the uptrend.

0.4029 3161-0.4479 The 8284 section is expected to receive primary resistance.


Keeping the price above the 0.2343 8790 point is paramount.

However, it may temporarily drop near the 0.1642 0803 point, so careful trading is required.


A decline from the 0.1642 0803 point could lead to below the 0.0777 8453 point.


(1D chart)
Since a volume profile section is formed near the 0.1855 4008 point, it is important to maintain the price above this section.

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(XLMBTC 1W chart)
0.0000 1103-0.0000 1288 or higher: Expected to create a new wave.


You need to make sure you can get out of the bottom section by climbing above the 0.0000 0746 point.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
(Binance XLMUSDT 12M Chart)


(1M chart)


(1W chart)


(1D chart)


Looking at the chart above, the 0.2318 point appears to be a bifurcation point between the uptrend and the downtrend.

Since the volume prorile section is being formed in the 0.1597-0.3070 section, it is expected that the trend will continue in the direction out of this section.
Comment:
(XLMUSDT 1D Chart)
In the CCI-RC indicator, if the CCI line is maintained above the EMA line, it is expected to move upwards above the -100 point.

With this move, I expect XLM to move above the 0.2318 point.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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