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XLMBTC - Calling Bullish for Mid/Long Trade

Here we are again with another trading opportunity.

Stellar Lumen!
Lets get straight to the chart. What I see on the chart is that we have a cup formation, and it is currently in the process of forming the handle. It is currently sitting at a good support of 4127 which is holding quite well. I just bagged some XLM at 4132. It is up to you whether you want to wait for a retrace and buy it lower of buy now, and buy some more at the retrace. This coins has the potential to grow and grow and grow. Look at the link below to check out the events it has coming up this year:

coinmarketcal.com/?form[date_range]=23/04/2018+-+01/09/2021&form[coin][]=Stellar+(XLM)&form[sort_by]=&form[submit]=

I have drawn some support line in red, if at all it goes down from this support level, and if it decides to take the handle formation a little deep. But, if this starts going up from this support level, we have our resistance lines in blue, which we can consider as our targets. Make sure once it reaches the target, you take some profit and move your stop-loss up. I have kept my stop loss very tight on this one for about 2.5%.

Once more thing. This trade can take some time to develop, or no time at all to reach our targets. DYOR before buying in, and get an entry at the best point suitable for you.

And one last thing, lets pray that the BTC gives us some support on this trade.

Good luck and Happy Trading!

If you have any questions, you can just shoot it in the comments section below.