many believe that price has broken out of the descending channel or the downtrend, whichever you wanna call it. what the many don't realize is that XLM is entirely dependent on BTC when BTC is bleeding. those of you calling for a breakout better hope BTC stabilizes here and goes sideways for at least a few days, because if s*** hits the fan and BTC decides to retest the 30k-32k support level, it means a drop of about 15% and usually but not always when BTC goes down 15%, XLM doubles that number and bleeds even more. for those who have bought XLM anywhere between 7 cents to 15 cents and are holding for the long run need not worry, because you'll get to sell it when it hits 4 dollars a peace and get that bread. somehow i still think we will have about 20% to go down depending on how BTC behaves in the next few days.
Order cancelled:
I was wrong...
I will be watching how BTC behaves, because I still think the market direction is up to BTC price action.
I will be watching how BTC behaves, because I still think the market direction is up to BTC price action.