XLMUSDT trade ideas
XLMUSDT needs the demand zoneThe price is creating a bear flag inside a daily descending channel.
the price has two demand zone, the first one 0.1080 and the second one at 0.1040
How to approach it?
IF the price is going to have a breakout from the bearflag, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
XLM 1D Where to go, what to doXLM went in the accumulation zone as you can see which has a local resistance (red zone 0.12-0.14$).
- It can accumulate long.
- From now, the price can go lower (~14%) as the level break out failed.
+ Long term longs can be started when the price will reach 0.14$ The safest from 0.15$ | or after resistance retest | or when the trend started.
+ Accumulating zone is easy to trade only when u buy low and sell high so this can last long.
+ Would try to buy at 0.10$ for long term.
Don't waste your time investing in this before 0.14-0.15 or try to buy lower 0.10$. :)
Write in the comments where would be yours SL order :P
#Stellar Finds Support, will XLM Break $0.130?Past Performance of Stellar
Stellar prices were in green in September when most assets, including Bitcoin, posted losses versus a strong USD. At spot rates, XLM is under pressure, dropping in a bear breakout formation, as evident in the daily chart. Despite the rejection of lower prices on October 13, the coin is still down 13 percent from September highs. Bulls appear to be struggling against a strong wave of liquidation.
#Stellar Technical Analysis
XLM prices reversed from $0.107, finding support from the 78.6 percent Fibonacci retracement level of the September 2022 trade range. As the broader crypto market finds relief, optimistic traders may buy the dips above $0.107, targeting $0.130, which is this week's high, expecting XLM primary trend established in September 2022 to continue. This forecast will be valid if XLM prices rally from spot rates above $0.130. If not, any drop below $0.107 will continue the liquidation of early October, possibly forcing the coin towards 2022 lows at $0.100, a critical support level.
What to Expect from #XLM?
The crypto market is finding support, and XLM may rise with the tide. However, traders can wait for a clearer trend definition above this week's highs. This will cancel out doubts about the strength of the uptrend and resume the primary trend from mid-September 2022.
Resistance level to watch out for: $0.130
Support level to watch out for: $0.100
Disclaimer: Opinions expressed are not investment advice. Do your research.
XLMUSDT Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Target zone: 0.15 - 0.16
after first target reached move ur stop to breakeven
Stop: ~0.1 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
XLMUSDT Breakout Descending TriangleSetting up a trade:
Price is consolidating in a Sideways Channel ($0.10-$0.12) following a breakout from the Descending Triangle. Traders should be cautious of false breakouts from this channel since price has failed to break out a couple times. Traders who trade swings should trade the channel (enter near $0.10 support and exit near $0.12 resistance). A breakout above $0.12 is necessary for a trend trader (make a price alert).
As a trend:
An uptrend is evident in the short- and medium-term, but a downtrend is evident in the long-term.
The momentum is mixed, since the MACD Line is above the MACD Signal Line (Bullish), while RSI is 50 (Neutral). There is a decline in the MACD Histogram bars, which suggests a weakening of momentum.
OBV (On Balance Volume):
Volumns on Up and Down days are higher, indicating that volume is rising. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance:
Nearest Support Zone is $0.10. The nearest Resistance Zone is $0.12, then $0.15.
XLM Stellar Lumens Let's, take a look at XLM Stellar Lumens and talk about the Key levels to be watching and what some realistic expectations could be for short and or longer-term plays.
We will go back and look at some of the past history and reactions to different price levels per the last Bull and Bear cycles as well as discuss briefly about the differences between then and now.
We cover a short-term outlook as well as a longer-term horizon for those actually buying now and investing for their future's.