Stellar (XLM): Watch for break out of channel
If XLM bounces off 5048 support and rises convincingly, we look to have an uptrend on our hands. I plan to take some profits a bit below 7303 (+39% from 5250 entry) and, if the trend continues, again at 8924 (+60% from 5250 entry).
XLM might not return the short term 100+x's that are possible with a lucky and well-executed small cap altcoin move, but I think it still has plenty of legs to deliver solid returns in the short and medium term.
XLM might not return the short term 100+x's that are possible with a lucky and well-executed small cap altcoin move, but I think it still has plenty of legs to deliver solid returns in the short and medium term.
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