Stellar (XLM) - July 4
Updated
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The most important point in the Low section was 0.06260065, which was supported and elevated.
You need to make sure you can get support at 0.06727739.
Since it rose above the 0.06260065 point, it must be supported above the 0.08089452 point for a new wave.
If you form a box section in the 0.06260065~0.08089452 section as a sideways section for a new wave, I think it is a very good flow.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
The most important point in the Low section was 0.06260065, which was supported and elevated.
You need to make sure you can get support at 0.06727739.
Since it rose above the 0.06260065 point, it must be supported above the 0.08089452 point for a new wave.
If you form a box section in the 0.06260065~0.08089452 section as a sideways section for a new wave, I think it is a very good flow.
-------------------------------------------------- ----------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Note
Supported at 0.07239684 and rising.
If it rises above the 0.08089452 point and is supported, it is expected to create a new wave.
However, I am more likely to sideways in the 0.06260065~0.08089452 section because it has not been long since I was out of the long decline.
Note
I thought I'd do a little more sideways in the 0.06260065~0.08089452 section, but I'm on the verge of over 50EMA on the 1M chart.
If it falls below the break above the upward trend line, it is a short-term Stop Loss.
This made it less likely to fall below 0.06260065, the most important point in the Low section.
We need to check if we can get support at 0.08089452 in case of a decline.
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