XLM Hitting Supply Wall!!
Diupdate
Look to take profits and rebuy on correction.
Catatan
Offhand to answer the pm's 4600-4700 is probably a good rebuy. I don't see it going under 4200sat. gives you a 10-15% buffer or u can just wait and see if it goes that low and enter the trade at the bottom of its arc in the relevant time frame. Like the trade, follow me, there's more to come!
Catatan
Around 4500 sat is an area I am looking to re enter the trade.Catatan
Slow and steady declines are a nice thing. They don't leave a lot of supply zones behind. This is good because when XLM is ready to run, there won't be many walls in the way of its climb.Catatan
XLM may continue a decline towards 3300-3500 sat. However it should have a clear path to 6000 sat if market/price want to go that way. Notice how perfectly the demand zone worked that made. Had you been patient and set a buy at the bottom of my demand zone (in most of my trades) then you would be sitting at 10-15% profits on most trades. And in the ones that the stop loss hit had you been playing the bottom of the zones you would only be looking at a couple % loss. But you would've freed up your btc and had it available for other opportunities which the market is offering us.
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