XLMBTC BITTREX
XLM lumen/stellar is getting squeezed in a corner between the short term downtrend and the overall long term up trend. It is currently finding some support on the 61.8 fibs from the last run, however I think that the pressure from that downtrend will force it to head back down and retest the daily support at around 3700 sats.
At this level we have the daily support and the overall up trend offering support so as long as BTC doesn't go crazy I believe it will hold.
Could be looking for a higher risk entry looking to take profit quickly off the support if it holds, or waiting for the break of the short term downtrend for a safer entry.
XLM is a good long term hold coin so it could be worthwhile stocking up while the price is low.
At this level we have the daily support and the overall up trend offering support so as long as BTC doesn't go crazy I believe it will hold.
Could be looking for a higher risk entry looking to take profit quickly off the support if it holds, or waiting for the break of the short term downtrend for a safer entry.
XLM is a good long term hold coin so it could be worthwhile stocking up while the price is low.
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