$XLM is still up 25.65% on 30d and ahead of BTC by 17.6 points. today's dip is the cheap part of that move, and I'm treating it that way.
the screener scored it 8 out of 14. that's a decent setup, not a 12. daily RSI is 60, the MACD histogram is positive, and volume over the last 5 days is running 1.23x the 20 days before it. that reads like a trend catching its breath, not one breaking.
the 24h change is -3.3%, and price is already pressed against the 24h low at $0.2204. sellers don't have much floor left to push through before they hit yesterday's low.
$XLM trades at $0.2211 right now. if it holds $0.2192, I think it walks back up to yesterday's high at $0.2322. if it loses $0.2192, I'm wrong on this and there's nothing to defend. anyone long would be sitting on a broken level that was supposed to hold the pullback.
holding $0.2192 or losing it?
follow me for more calls like this.
the screener scored it 8 out of 14. that's a decent setup, not a 12. daily RSI is 60, the MACD histogram is positive, and volume over the last 5 days is running 1.23x the 20 days before it. that reads like a trend catching its breath, not one breaking.
the 24h change is -3.3%, and price is already pressed against the 24h low at $0.2204. sellers don't have much floor left to push through before they hit yesterday's low.
$XLM trades at $0.2211 right now. if it holds $0.2192, I think it walks back up to yesterday's high at $0.2322. if it loses $0.2192, I'm wrong on this and there's nothing to defend. anyone long would be sitting on a broken level that was supposed to hold the pullback.
holding $0.2192 or losing it?
follow me for more calls like this.
