XLMUSD has tripled it's price since the beginning of the week and now competes with NEM for the 6-7 place among the biggest cryptocurrencies in terms of capitalization (at the moment XLM's capitalization is $ 16 billion) How long will such a take-off, that attracted attention to Stellar, last? The next few days will show. Usually, if the take-off is short-term, then the rollback begins immediately after the increase of the price by 3-5 times. And that rollback is strong. Time will show. In the meantime, we can say that the level of support according to the graph is $ 0.30. Also, in case of a correction, the support can be provided by the slow moving average, today it is at about $ 0.50 If a deep rollback won't happen within the next 2-3 days, it will display the strength of a growth and the possibility of its continuation. Buy between $ 0.30 and $ 0.50
@MuMPiTz, there is no reson for update :)
Support is $0.5
Resistance is $1
MuMPiTz
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@icexch, so you plan to buy back in somewhere around $0.5 ?
icexch
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@MuMPiTz, not for you :)
My plan for you: relax and enjoy :)))
MuMPiTz
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@icexch, alright I'll chill a while, just hoping I wont miss the train when it goes higher :)
MuMPiTz
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thanks for your analysis, I sold yesterday. Would you stay out for now and wait? Also if it rises again, at which level would you get back in or do you think theres not much more room for it to grow and therefore it wouldn't be worth the risk of buying back in higher?
icexch
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@MuMPiTz, you welcome. I think the best strategy for you is stay out and wait. And wouldn't buy back in higher.
MuMPiTz
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@icexch, ok thanks, will do! Would be nice if you could post an update once things are starting to change :)