EuroMotif

XLM.usd worth a Nickel? not even? Stellar headed to 4 cents

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BINANCE:XLMUSDT   Stellar / TetherUS
As you know, XLM just keeps breaking through supports.
It is now approaching life or death levels like many alts.
Bulls have a few lines to defend and try to turn it around.

It has just lost a major support fib (thick red lines) at 0.5378.
Local fib (bottom right) is first defense, need to bounce at .05194.
Just below a strong Cluster of fibs and the psych number 0.50000.

Chart Layout:
Left Chart is 3 day candles for overview.
Right Upper is 8h tf to capture last rise.
Right Lower is 1h tf for close up details.

Chart Notes:
Blow up one chart : Click the Square Icon bottom center of chart.
Reduce overlapping numbers: Drag UP on the PRICE scale to expand.
See more history and Fibs: Drag RIGHT on TIME scale to squeeze chart.

How to Trade:
Look for a "Ping" (exact reflection) from a fib in your direction.
Please/Trail Stop Loss just behind a fib (about triple the spread behind).
Take some Profits at each line hit on the journey, trail stop the rest.

See my previous analysis below under Related Ideas
Komen:
Update after Bitcoin sell off

XLM failed the "Must Bounce" line and was dancing on the "High TF Fib Cluster" until Bitcoin too the whole market down We have a bit of a bounce at expected support.

Zoom IN (3min) on our little green shoot Decent confirmation of top boundary and progress.
Lets see what happens at the blue 7.618 at .04633

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