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Stellar Lumens: Traders can long at this ‘ideal’ entry point
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Stellar Lumens has had a phenomenal start to October. A near 66% run up to a local high of $0.0417 was responsive at important Fibonacci levels, which allowed for healthy price progression. Another buy opportunity was at the table as XLM approached the confluence of 50-SMA (yellow) and the 61.8% Fibonacci level.
An upwards push from this confluence can allow XLM to maintain its streak of higher highs and topple levels seen during September’s bull run. At the time of writing, XLM traded at $0.372, down by 3.4% over the last 24 hours.
Source: XLM/USD, TradingView
Currently trading at a 13% discount when compared to its October local high of $0.0417, XLM was on the hunt for an attractive price level to commence its next upcycle. Now the
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