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Stellar (XLM) - June 22

BINANCE:XLMUSD   Stellar
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(XLMUSD 1W Chart)
If the price holds above the 0.23438790-0.29261600 range, we expect the uptrend to continue.


(1D chart)
We need to see if we can find support at the 0.20794233-0.26657249 zone and see if we can move along the uptrend line.
In particular, it remains to be seen if it can climb above the 0.23438790-0.29261600 section.

To convert into an uptrend, you need to stock up on strength while holding the price in the range 0.26657249-0.38383280.

If it goes down from the 0.20794233 point, it could touch below the 0.16058117 point, so you need to be careful with your trades.

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(XLMBTC 1W chart)
If the price continues to rise above the 428 Satoshi-1288 Satoshi section, it is expected to create a new wave.

If the price holds above the 746 Satoshi point, it is expected to move up a bit faster.


(1D chart)
It remains to be seen if the 737 Satoshi-825 Satoshi section can support and rise.

If it goes down, it may touch near the 566 Satoshi point, so you need to trade cautiously.

To turn into an uptrend, you need to stock up on strength while holding the price in the 825 satoshi-1002 satoshi range.

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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 it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to 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 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

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

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

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