Welcome ladies and gents! Lets take a look at the Stellar XLM markets.
XLM vs XBT (BTC)
XLM is looking juicy indeed, that is what some like to call a massive bull flag on the 1 day.
However before we get to excited, trading 101, NO SYSTEM HAS 100% success!!
We need 3000 – 3300 to hold as support, consolidation above 4000 should get the bulls interested, heavy resistance around 5000 sat.
There could be a play between 4000 – 5000 sat, higher risk.
Consolidation above 5000 sat should be a safe moon ticket. Safe trades yall!