BillionG

XLM SELL WAIT

Singkat
LSE:XLM   XLMEDIA PLC ORD USD0.000001
XLM is testing new lows according the price movements on the hourly charts, which is a good signal to enter a short trade. But according to the stochastic RSI, the price is currently overbought as many traders are in on the trade, if one is entering the ride now, they should wait for a short-term bullish retracement above the current price at the recent resistance at around 106.0 satoshi, this could also act as an entry price using a sell limit, with short-term targets of 100.0 satoshi, and stop loss at around 112.0 satoshi, just above the 200 moving average.

Penafian

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