I like to buy now (not the best entry, should have purchased it way lower a few days ago) at or under 0,104$ with SL close set at 0,1$ and a TP at 1,12$. NFA
XLMUSDT after making a top around 0.1380 entered into a bearish trend. The price is making lower lows and lower highs. The price has finally approached to the horizontal support. The price can get stable at that zone. The bulls will show strong momentum at that zone.
We are expecting price will took support from mentioned horizontal support zone .We are watching...
- 4h timeframe: Supertrend indicator > Short.
- 1h timeframe: Wait a correction (Long) and breakout long for short to open a Sell follow 4h timeframe.
... Long correction (Supertrend 1h)
...Long correction be broken:
* Author trades real at Binance Future.
XLM has yet again moved towards it's massive 2-month area of support. This area has now caused around 8 bounces, but will it cause another one?
In my view, with BTC falling and stocks selling off, there's a high probability that XLM's support area will be broken in the near future. Wait for a daily close below the support area to confirm the bearish bias.
A strong downtrend, then a stop, without a significant pullback, a descending rectangle was formed.
The tool will go below. Two entry points, a rebound from the level of 0.13 or a breakdown of 0.1, then a retest of this level and down, the potential of the move is 30%.
- 4h timeframe: Supertrend indicator > Short.
- 1h timeframe: Wait a correction (Long) and breakout long for short to open a Sell follow 4h timeframe.
... Long correction (Supertrend 1h)
...Long correction be broken:
* Author trades real at Binance Future.
Whats Up Retail Whales 🐋
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
#XLM has pulled back into our 1Hr Whale Block here and we will monitor for a trade entry with confirmations.
A lot of the Alts are falling into this same setup so be manage your risk...
Previous important support and resistance zones:
***s1: 0.1356
***r1: 0.1240
***r2: 0.1356
**r3: 0.1206
Conditions for Long:
1.Symmetrical triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous resistance ***r2 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx...
Before you is the longest trading history of XLMUSDT
Someone may think that this review is timed to the hype news that Robinhood can be listing XLM on its site.
But no, this review is timed to the 8th anniversary of the trading of the XLMUSD pair.
It was at the beginning of August 2014 trading of the XLMUSD pair started, or on some crypto exchanges they marked ...
