Short Term Forecast not good for XLM (Stellar)

RSI suggests XLM was overbought. I have entered a shirt at 4400 and I expect to close at the 4100 mark where we may see a short revival.

Targets are as follows:

1: 4100

2: 4000

3: 3800

From 3800-3900 I will be entering a long again.

Disclaimer: This is not trading advice, just what I plan on doing.

Trade active

Opportunity to take small profits here. I expect lower price to come. 100% retracement now on the 24 hour.

Note

Strong support on the 4200, we will see if it holds.

Trade active

Dropped below 4200 and support has become resistance as expected. BTC has taken a downturn too. Watch carefully.

Note

A look at the daily

Note

Closing in on Target 1: 4100

Trade closed manually

I have closed my trade at 4150 to take profits.

Trade closed: target reached

Targets reached

TheMagpie

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TheMagpie