Optimistically Cautious on XLM
XLM price movement has corralated positive with BTC for the last month and the current loss in market cap although aggressive,
this is not out of the ordinary for an altcoin during a bearish bitcoin market.
The reason I am optimistic about this coin is that we are currently testing a strong support vector that has seen multiple trend reversals.
It will be interesting to see if the next reversal also falls upon this support zone or if the next support zone will be around the 30 cent mark.
this is not out of the ordinary for an altcoin during a bearish bitcoin market.
The reason I am optimistic about this coin is that we are currently testing a strong support vector that has seen multiple trend reversals.
It will be interesting to see if the next reversal also falls upon this support zone or if the next support zone will be around the 30 cent mark.
註釋
Will continue to hold my XLM while the 30 cent support remains untested and will buy more if we can maintain an average price above 45cents. It is still very early on in this cryptocurrencies life cycle and the price action we have seen during these historical corrections is actually very encouraging. High risk, high gain. Don't invest more than you are willing to lose. Nough said until we have another update.
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