After seeing amazing yesterday, crypto appears to have calmed down a bit. I've been looking at XLM specifically because XLM is currently trading inside a horizontal channel. If we see another bullish day today, XLM will be one of my favorites of the day since I'm expecting a strong break out.
Obviously, XLM is highly correlated to BTC. So if BTC decides do correct a little, XLM could well break out on the lower side of the channel. Wait for the break out to occur before entering a trade.
Happy trading!
Obviously, XLM is highly correlated to BTC. So if BTC decides do correct a little, XLM could well break out on the lower side of the channel. Wait for the break out to occur before entering a trade.
Happy trading!
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