Cryptocurrency Prices Action Strategy for Star Trading (XLM)
The cryptocurrency trading world is constantly developing with new coins and chips that appear all the time. Among them, Stellar (XLM) has gained great adhesion in recent years for its innovative platform for payments from cross -carriers and their strong foundations. However, as any merchant knows, price strategies can be a powerful means of determining the potential for purchase and sale.
In this article, we will explore some of the most effective stars’ trade strategies (XLM) price strategies, emphasizing basic models, indicators and methods to help merchants make reasonable decisions.
Understand the price action
Before immersing itself in specific strategies, it is necessary to understand what the price is about. Price action means a visual submission of market data in a graph of the asset, as well as several other factors such as volume, negotiation hours and support and resistance levels.
Pricing action traders seek these data models, trends and anomalies to predict future changes in price. These models can be technicians (based on graphics) or based on a market (this reflects general economic conditions).
General Price Strategy
These are some of the most effective pricing strategies for star trade (xlm):
1.
A popular strategy is to use these indicators such as Fibonacci Decrease Level to determine possible purchase and sale options.
- Use a stochastic oscillator or RSI to confirm trends.
- Set the main Fibonacci level, such as 23.6%, 38.2%and 50%.
- Draw these levels in the graphics and look for a signal to buy or sell them next to them.
2.
Ranejo trade with letter patterns
Another effective strategy is the trade of the rank, which means that support, resistance and trade are established in those range.
- Look for graphics models such as triangles, wedges or head formations.
- Set the basic levels such as the Bollinger top lane or the lower Keltner channels.
- Set low and profit goals to prevent profits.
3.
The Ichimu cloud is a technical indicator that provides information on market sense, support trends and levels.
- Specify the cross -cord of impulse indicators such as stochastic oscillator or RSI.
- Look for medium reversing areas such as delay or outbreaks.
- Set detention issues and profit goals near the main level to get earnings from average return signals.
4.
cracks trading with volume
Volume is another critical factor associated with price trading. Breaking operators seek a significant increase in volume when the trend explodes from their range.
- Use graphics models such as triangles or wedges as indicators.
- Specify the main scope areas such as higher or inferior books.
- To get profit, set the suspension loss and profit goals next to these areas.
5.
Candle Models with Impulse
Candle models are a visual price image image that operators use to determine the potential for purchase and sale.
- Look for models such as a hammer or shooting star formations.
- Specify the level of basic levels, such as a mobile phone average of 50 periods or the middle point of the range.
- Set low and profit goals to prevent profits.
Example of trade configuration
Suppose Star (XLM) is with a specific price strategy. Here is an example of a configuration:
| Time | Price | Address |
| — | — | — |
| 9:00 EST | $ 60.50 | Buy |
| 10:30 EST | $ 61.20 Sell |
In this example, the operator determines the $ 60.50 purchase signal and the sales signal is $ 61.
