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neverovv
Sep 28, 2023 8:58 AM

Is it worth entering STELLAR now or is it better to wait? Long

XLMUSDT Perpetual ContractBybit

Description

Hello everyone!

I suggest taking a look at STELLAR (XLM).

After a explosive growth, the price of the asset has started to correct and in my opinion, it is currently at a good entry point. Although it can be seen on the chart that a level of price support has formed, and the price is also rubbing against the EMA 200. Entering from here might be a bit risky, but if you're willing, you can try and potentially gain almost 44% before price fixation. Personally, I think it's better to open a trade from the 0.236 Fibonacci level after the price breaks and tests it.

This is not financial advice, and everything you do is at your own risk.
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