XLM - Let's visit $0.25 - $0.24 again
Hi,
This is iJusctCoint, the one lucky trader who puts his money where his mouth is!
Crypto bounced from lower levels to test the resistance again. We have upward pressure on the 12H and 1D timeframes which is quite healthy.
I expect the price to comeback once again to the lower boundary to test the support.
I plan to capitalize on that potential move down my taking a short position.
Publication marked as NEUTURAL since we don't know our trend just yet.
We may establish a downtrend with a lower low and a lower high or may finally reverse.
I'll trade SHORT and reverse to LONG if support holds.
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Chart Code:
Red Dashed Lines - Downwards reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange where price target might get hit
//
This is iJusctCoint, the one lucky trader who puts his money where his mouth is!
Crypto bounced from lower levels to test the resistance again. We have upward pressure on the 12H and 1D timeframes which is quite healthy.
I expect the price to comeback once again to the lower boundary to test the support.
I plan to capitalize on that potential move down my taking a short position.
Publication marked as NEUTURAL since we don't know our trend just yet.
We may establish a downtrend with a lower low and a lower high or may finally reverse.
I'll trade SHORT and reverse to LONG if support holds.
//
Chart Code:
Red Dashed Lines - Downwards reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange where price target might get hit
//
