Stellar, looking good for a potential 10% profit (short term)
Looking at XLM, the sellers to be temporarily exhausted. You can see clear bullish divergence on the 1H. XLM has a strong overhead resistance in the $0.12 area. We may see a quick bounce here.
Stellar is still in a downtrend but appears to be approaching the bottom of the channel it has recently been trading in. You can also see that the buying volume has picked up over the last day.
This may prove to be an opportune area for a long position.
As always, use your best judgement when making these trades.
Stellar is still in a downtrend but appears to be approaching the bottom of the channel it has recently been trading in. You can also see that the buying volume has picked up over the last day.
This may prove to be an opportune area for a long position.
As always, use your best judgement when making these trades.
Penafian
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