Stellar (XLM) - May 17Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(XLMUSD 1W chart)
(1D chart)
You should watch for any movement that deviates from the 0.65641072-0.81250044 section.
In particular, we must see if it rises above the 0.75097460 point and follows the uptrend line.
If you decline at 0.65641072, you need a short stop loss.
However, you can touch the 0.61234368 point and climb, so you need to trade carefully.
It is important to be able to open the door of the ascent by touching the 0.81250044-0.86453034 section.
However, it appears that the BTC price is undergoing a cascading decline, so careful trading is necessary.
-------------------------------------
(XLMBTC 1W chart)
On the CCI-RC indicator, the CCI line is attempting to rise above zero.
As a result, volatility may occur, so careful trading is necessary.
(1D chart)
We have to see if there can be any movement to ascend above the 1560 Satoshi point.
If it falls, we need to make sure we get support in the 1392 Satoshi-1453 Satoshi section.
If it falls at the 1208 Satoshi point, a short stop loss is required.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
