A quick note: $XLM broke through the 0.16 level, just 5 days after it last reached this point.
People often ask what key price levels mean. Here’s how I understand them.
A support level is a price range where declines have repeatedly stalled in the past. A resistance level is a price range where rises have repeatedly been blocked.
Volatility often increases near these levels, so leveraged positions need more room here. If you set your stop-loss too close to a round number, it can easily get triggered in a sudden sweep.
Don’t change your plan based on a single number, and don’t use borrowed money to test a particular reading.
#XLM
People often ask what key price levels mean. Here’s how I understand them.
A support level is a price range where declines have repeatedly stalled in the past. A resistance level is a price range where rises have repeatedly been blocked.
Volatility often increases near these levels, so leveraged positions need more room here. If you set your stop-loss too close to a round number, it can easily get triggered in a sudden sweep.
Don’t change your plan based on a single number, and don’t use borrowed money to test a particular reading.
#XLM