Stellar (XLM) – October 16
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I think that the 0.06260065 point or less is the bottom section, the mid- to long-term investment area.
So, if it falls below the 0.06260065 point, I think it is necessary to trade to preserve the profit and loss.
I think it is one of the coins that formed a long bottom section such as ADA or XRP and completed the bottom section by breaking through important points.
Since the floor was formed by breaking through an important point with a large wave, I think it is necessary to form a strong support section with a gentle wave.
It is not easy for an individual trader to know what constitutes such a .
However, it is only that the 0.06260065 point is the point that formed the bottom.
So, I think you can watch if it’s Sideways near the 0.06260065 point.
(Binance XLMUSDT 1D chart)
It is declining at the critical point of 0.07450.
You need to see if you can quickly climb above the 0.07450 point.
In order to make a trend change, you must ascend to at least 0.07825.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)