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I think that the 0.06260065 point or less is the bottom section, the mid- to long-term investment area.
So, if it falls below the 0.06260065 point, I think it is necessary to trade to preserve the profit and loss.
I think it is one of the coins that formed a long bottom section such as ADA or XRP and completed the bottom section by breaking through important points.
Since the floor was formed by breaking through an important point with a large wave, I think it is necessary to form a strong support section with a gentle wave.
It is not easy for an individual trader to know what constitutes such a support zone.
However, it is only that the 0.06260065 point is the point that formed the bottom.
So, I think you can watch if it's Sideways near the 0.06260065 point.
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(Binance XLMUSDT 1D chart)
It is declining at the critical point of 0.07450.
You need to see if you can quickly climb above the 0.07450 point.
In order to make a trend change, you must ascend to at least 0.07825.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
I think that the 0.06260065 point or less is the bottom section, the mid- to long-term investment area.
So, if it falls below the 0.06260065 point, I think it is necessary to trade to preserve the profit and loss.
I think it is one of the coins that formed a long bottom section such as ADA or XRP and completed the bottom section by breaking through important points.
Since the floor was formed by breaking through an important point with a large wave, I think it is necessary to form a strong support section with a gentle wave.
It is not easy for an individual trader to know what constitutes such a support zone.
However, it is only that the 0.06260065 point is the point that formed the bottom.
So, I think you can watch if it's Sideways near the 0.06260065 point.
-------------------------------------------------- -------
(Binance XLMUSDT 1D chart)
You need to see if you can quickly climb above the 0.07450 point.
In order to make a trend change, you must ascend to at least 0.07825.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
If it goes down, you need to make sure you're getting support at the critical point, 0.08089452.
If it falls below the 0.06260065 point, I think trading is necessary to preserve the profit and loss.
(XLMUSDT 1D chart)
If it falls from the short-term uptrend line (2), it is a short-term Stop Loss.
Below the 0.07450 point, we believe that it is a mid- to long-term investment area as the bottom formation section.
So, if it falls below the 0.07450 point, I think it is necessary to trade to preserve the profit and loss.