flyinkiwi10
Long

XLM entering accumulation zone

BINANCE:XLMUSDT   Stellar Lumens / TetherUS
Thanks for viewing,

This is my view for XLM - a very promising and undervalued project with several real use cases e.g. as a very quick, and developer friendly ICO platform and as a platform for ultra low-transaction fee (effectively free) international remittances.

My buy-zone is between 0.076 and 0.70 with XLM not dipping below (or much below) the 2019 low set in February. This also lines up with other price targets.

This trade has a tight stop-loss of 5% and significant potential upside. Where some might see a lot of risk, I see low risk vs return potential. If my larger wave count is wrong, I still see upside if this turns out to be a wave (4) correction (in which case 0.18 - 0.2 will act as strong resistance). So far this year BTC has attracted the most attention, but alt-coins will likely start to wake up soon one by one. When they do, XLM should do very well.

Who knows who is still selling with XLM at lows approaching pre-1017 run-up levels. But people are still selling at a loss, scoop up their sell orders before supply dries up.

Protect those funds and good luck
Trade closed: stop reached
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