🐋 $XLM hit a new 7-day low, and selling pressure hasn't let up.
Current price: 0.1999, breaking below the previous low of 0.2003. 24-hour trading volume: $17.13 million.
There are often plenty of long-position stop-loss orders below the previous low. Breaking below it can trigger a cascade of liquidations; watch for signs of large buyers stepping in at lower levels.
#XLM
DYOR, and trade responsibly.
Current price: 0.1999, breaking below the previous low of 0.2003. 24-hour trading volume: $17.13 million.
There are often plenty of long-position stop-loss orders below the previous low. Breaking below it can trigger a cascade of liquidations; watch for signs of large buyers stepping in at lower levels.
#XLM
DYOR, and trade responsibly.