XLM - Bouncing Between Its 55MA And 21MA

Hope you find value from this post.

Here's a trading idea.

But firstly...

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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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XLM got pushed down from the 55MA, it's currently between the 55MA and the 21MA, and could find support from the Red Extended Trend Line which was previous resistance.

Today's first order of business is to push past 2916 and close above its 21MA and 55MA.

The 12MA is at 2700

MACD: Bullish Divergence.
Stoch RSI: Headed for the 80 Level, momentum still Bullish.

Always remember to place your Stop Loss.

Price action is KING!

More power to all your trades, my friends!

Ron
Intrepid_Trader