XLM Long Entry Trigger!XLM has been selling off since its massive run-up. It currently swept the previous lows and is holding support locally.
I entered a long position here with a stop under the previous lows. Always using risk management.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
XLMUSDT trade ideas
XLM Long Idea In the realm of crypto, Stellar claims its throne,
XLM shines bright, a trade strategy to own.
Fibs and channels, a flamboyant affair,
Unleashing gains, with a confident flair.
With parallel channels, we set the stage,
A path to follow, as profits engage.
Fibonacci's charm, in the 0.786 zone,
Where the lower trendline beckons us to own.
Stellar's dance of triumph, a sight to behold,
As it touches that level, a story unfolds.
Outrageous gains, like fireworks ignite,
In this trading game, we'll bask in delight.
So let's embrace the XLM trade,
With strategy and style, we'll make the grade.
Fibs and channels, our guiding light,
As Stellar's potential soars to new heights.
But let's not forget, in this thrilling quest,
To be mindful of risks, and trade with finesse.
With calculated moves and passion in place,
We'll conquer the markets, with grace and embrace.
potential targers
tp1 0.0955
tp2 0.1070
tp3 0.1205
DONT FORGET TO SET SL below 0.074
XLM/USDT 4Hin the 4-hour time frame, the price is in an ascending channel. If we don't lose our ascending channel and there is The range of 0.1008 is a trading node, and if this range is broken and stabilized above this range, we can expect to rise to the resistance range of 0.1110 to 0.1138 of this currency.
XLM/USDT 1DIn the daily time frame, after reaching the resistance range of 0.1110, the price made a correction to the range of 0.0958, which is 0.5 daily fibo, and moved up again.
Currently, the daily volume has decreased and the RSI has reached the 50 daily range, but it has not broken, so for now we have a weak upward trend in the daily time frame.
good to buyin weekly timeframe as you see we have box and we have strong up trend in box against to downtrend and volume increase in up trend .witch break the box we can have the about 0,1700$ price.
and the 56 rsi is very important resistant as the past witch the break it price had increased sharply .
xlm usdtAccording to the structure of this coin, we can see that the volume of the drop, which was from the ceiling, has not been confirmed, and with the drop of the starting price, the volume has also been decreasing. And also we can see a trend line which is currently broken and its entry point is the same as the weekly box failure.
XLMUSDT - Breaking through bearish trend resistanceBINANCE:XLMUSDT forms the bottom, relative to which the price develops positive dynamics. After testing 0.0758, a rally is formed and the price makes a retest of the trend resistance.
As we can see, a three-day accumulation is formed in relation to the resistance. The market is obviously ready to continue rising, but in order to do that the price needs to overcome the resistance.
The resistance at 0.1035 is worth mentioning. The bulls may fight hard for this level and if they manage to hold this area, the coin will show a good result in the middle term, because the level of 0.1035 is the range support, whereas the resistance and the target for the price may be the upper boundary at 0.1305.
Support levels: 0.0959 and 0.0987.
Resistance levels: upper trendline, 0.1035, 0.1130
I expect a confident bullish position above the level of 0.1035. An indicator for this will be consolidation above the level. Medium-term perspective - growth up to 0.1305.
Regards R. Linda!