Got a question from someone: " should I buy XLM right now, because the price is low '' ?
Ok, we take a look at the chart we see XLM still moving in its downward channel.
Its retrace from its ATH is around 55%.
The buyers risk-to-rewards odds are slightly better then the sellers risk to reward ratio.
This is not a buy signal.
I recommend always to buy at the 78.6% or 88% level.
Actually from the 61.8%, the buyers risk to reward is enough to buy in.
This isn't my favourable buy-in point. Actually I only buy at the 78.6% and lower.
This is because the risk to reward is, at that point, so good that its likely that on the longterm it was an excellent entry.
Always measure where you are now and compare it with the ATH.
We're now at the 55% down from ATH point.
I wouldn't recommend buying here.
Hope this helped.
If you want a review on any coin you like, just let my know in the comments!
#HAPPYTRADING
#LOVE
Ok, we take a look at the chart we see XLM still moving in its downward channel.
Its retrace from its ATH is around 55%.
The buyers risk-to-rewards odds are slightly better then the sellers risk to reward ratio.
This is not a buy signal.
I recommend always to buy at the 78.6% or 88% level.
Actually from the 61.8%, the buyers risk to reward is enough to buy in.
This isn't my favourable buy-in point. Actually I only buy at the 78.6% and lower.
This is because the risk to reward is, at that point, so good that its likely that on the longterm it was an excellent entry.
Always measure where you are now and compare it with the ATH.
We're now at the 55% down from ATH point.
I wouldn't recommend buying here.
Hope this helped.
If you want a review on any coin you like, just let my know in the comments!
#HAPPYTRADING
#LOVE
I didn't draw it based on the XLM chart.