Not So Stellar
Just a little over a week ago, I put out an idea suggesting that Stellar coin (XLM) wasn’t heading for the stars anymore. As with every other alt-coin crash, the tell-tale sign is when the chart loses the high, (explained in detail in our advanced course).
I noted that losing support at around 3500 would be a disaster for those holding long positions. I suggested that the bigger picture would ultimately bring price down to our lower targets.
A week later, here we are:
I expect the liquity provided in this bounce from our first target will be met with selling, as it continues it’s descent into the lower 2000s.
Follow the live idea here: