XLM used to be one of my favorite altcoins. After it dropped below the key support level, I sold all of it. Until today, I see a huge bullish senerior could possibly build up in the future, I will give the following reasons:
1. Heavy accumulation since 2019. If you look at my volume indicator, you will see people are accumulating during 2019 up until today. Additional, we see volume increasing ( we are look at weekly)
2. XLM formed solid bottom support, which means downside risk is low, and we can simply put a tight stop loss below it, and upside potential is humongous.
3. My indicators both give me signal that we might have a bull run coming up, but we need to create HH and HL first.
I will suggest buying XLM during the retracement and put stop loss below the key support. Take some profit when it hits 930 and 1288 area.
Happy trading.
1. Heavy accumulation since 2019. If you look at my volume indicator, you will see people are accumulating during 2019 up until today. Additional, we see volume increasing ( we are look at weekly)
2. XLM formed solid bottom support, which means downside risk is low, and we can simply put a tight stop loss below it, and upside potential is humongous.
3. My indicators both give me signal that we might have a bull run coming up, but we need to create HH and HL first.
I will suggest buying XLM during the retracement and put stop loss below the key support. Take some profit when it hits 930 and 1288 area.
Happy trading.
formal education makes a living, self-education makes a fortune!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
formal education makes a living, self-education makes a fortune!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.