STELLAR LUMENS ✅ Can XLM Rally after a Rejection at Resistance?
💬 Stellar (XLMUSDT) recently got rejected at resistance. Stellar has some interesting ideas in the works, like a "Turing complete" contract proposal, but generally speaking, large-cap cryptos have been yawn-inducing. With that said, we have Stellar on our weekly watchlist for a reason. Let's see if XLM can find support and rally to break away from the large-cap heard (and maybe even lead them to victory).
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Summary:
XLM is starting to look really nice here. Can the bulls continue the momentum, or is this going to be another disappointing and quick rally in a downtrend for Stellar? No one can say, we can only watch how price reacts at levels ourselves. Good luck everyone and ensure to use proper risk mitigation and pre-plan your trade!
Resources:[/I]
thecurrencyanalytics.com/16800/stellar-lumens-xlm-engineering-to-bring-solution-to-ethereum-developers/
✨Drop a comment asking for an update, we do NEW setups every day!✨
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Help the community grow by giving us a follow 🐣
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- Support:
- S1: The S1 S/R flip is the primary support here, being used as a clear pivot point previously. Buying here with a target of R1 or R2 makes a lot of sense. The sort of bullish continuation a rally off of S1 would create is exactly what XLM fans want to see.
Resistance: - R1: The R1 S/R flip is a perfect target for those S1 longs. A move to R1 from S1 keeps the bullish momentum intact and provides a nice chunk of % gains to swing traders.
- R2: If the bears can't defend R1, then R2 is a solid target as well. It is likely R2 sees a reaction due to this level being a significant point of resistance in 2019.
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Summary:
XLM is starting to look really nice here. Can the bulls continue the momentum, or is this going to be another disappointing and quick rally in a downtrend for Stellar? No one can say, we can only watch how price reacts at levels ourselves. Good luck everyone and ensure to use proper risk mitigation and pre-plan your trade!
Resources:[/I]
thecurrencyanalytics.com/16800/stellar-lumens-xlm-engineering-to-bring-solution-to-ethereum-developers/
✨Drop a comment asking for an update, we do NEW setups every day!✨
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