The market rebounded from the support level of 0.015000, and then broke the downtrend line. We have a signal to buy and confirm that the market will move up. The initial level for long trades can be higher than the local maximum. This is 0.024500 level. Stop orders must be placed below the level of 0.014000. The profit targets are 0.040000 and 0.055000 resistance levels. Also part of the trading volume can be left for a long time. If the market returns to the uptrend line and bounces from it, we will get a new entry level above the high of the signal candle.
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Good points in this blog. Interesting to see I'm not the only one that is thinking about this. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) Personally I always use: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. On: https://www.coincheckup.com/coins/Stellar Lumens#analysis For the Stellar Lumens Investment research report.
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