Longmoney is back. I hope you’ve been laddering in. Had to take some time off but am back. Stellar Lumens has been very resilient in this correction, maintaining steady volume and a nice range.
Not much TA to do here. Instead I'll refer to indicators. Notice the volume had been steady throughout this very extreme correction. Lumens hit some low numbers but the buying power is just too strong. I was hoping for Lumens to hit some lower targets but it just could not get there. It was devoured at 3700.
In this correction, which we still are in, I will be looking for more positions to get Long. Lumens is looking very healthy and has firmly positioned itself for the top 10.
But for now, we are range bound. Sideways. No count. Will update TA when the market updates.
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Old chart
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I have been trading XLM way back. Using Binance as I had switched exchanges. I know where our history stands. FYI
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Long term hold for me. No swing trades just yet. As long as it holds this range.
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XLM - Sideways
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Great if you're a sideways trader. Even the 2hr is consistent.