Stellar (XLM) – October 16


Dear traders, nice to meet you.

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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 support zone .
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.

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(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.

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** 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.)