$XLM is down 8.4% on the day and still up 10.52% on the week. i'd rather buy that dip than chase a green candle.
the 24h high was $0.2226 and the low was $0.1985. it got sold into and it didn't break. volume over the last 5 days is running 1.46x the 20 days before, so this move has real interest behind it.
against BTC it's ahead by 4.1 points over 30 days. daily RSI is 58 and the MACD histogram is still positive. nothing is overheated, the drop just reset it. the screener scores it 8 out of 14, so it's a decent setup, not a perfect one.
$XLM trades at $0.2035 right now. if it holds $0.1998, yesterday's low, i think it walks back up to the 10-day swing high at $0.2249. if it loses $0.1998, i'm wrong on this and there's nothing to defend. anyone long would be sitting under support with no floor.
holding $0.1998 or losing it?
follow me for more calls like this.
the 24h high was $0.2226 and the low was $0.1985. it got sold into and it didn't break. volume over the last 5 days is running 1.46x the 20 days before, so this move has real interest behind it.
against BTC it's ahead by 4.1 points over 30 days. daily RSI is 58 and the MACD histogram is still positive. nothing is overheated, the drop just reset it. the screener scores it 8 out of 14, so it's a decent setup, not a perfect one.
$XLM trades at $0.2035 right now. if it holds $0.1998, yesterday's low, i think it walks back up to the 10-day swing high at $0.2249. if it loses $0.1998, i'm wrong on this and there's nothing to defend. anyone long would be sitting under support with no floor.
holding $0.1998 or losing it?
follow me for more calls like this.
