{"id":506521,"date":"2022-10-16T15:25:21","date_gmt":"2022-10-16T15:25:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=506521"},"modified":"2022-10-16T12:29:02","modified_gmt":"2022-10-16T12:29:02","slug":"stellar-xlm-buyers-must-check-out-these-data-before-going-long","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/stellar-xlm-buyers-must-check-out-these-data-before-going-long\/","title":{"rendered":"Stellar (XLM) Buyers Must Check Out These Data Before Going Long"},"content":{"rendered":"
Stellar is one of the cryptocurrencies that had an interesting and fruitful 2021, perhaps why the altcoin is making positive noise these days for being a viable asset for long trading.<\/span><\/p>\n
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Stellar could enter a dull phase on the coming sessions<\/span><\/li>\n
XLM is -10.1% over the past week<\/span><\/li>\n
Stellar is on an extended bearish momentum<\/span><\/li>\n<\/ul>\n
In crypto space, long trading involves buying an asset and making profit as its price increase. On the other hand, short trading happens when one sells a borrowed security and buys it back at a lower price, making income from the decreased value.<\/span><\/p>\n
Stellar is hot in the eyes of investors looking to earn from long trading as the digital currency’s current price is significantly lower than its 2021 levels.<\/span><\/p>\n
Given the virtual coin’s ability to increase its price tremendously, its easy to understand why investors might pick Stellar for their long trading scheme.<\/span><\/p>\n
But, as with other ventures, it would be wise to pay close attention to XLM’s price movement first, before putting sizable investment on it and deciding to play the long game.<\/span><\/p>\n
Stellar Price Analysis and Trajectory<\/b><\/h2>\n
After a spectacular showing in May 2021 when it attained multiple yearly highs, Stellar has fallen into a gradual bearish rally and is positioned in trendline resistance for over 17 months now.<\/span><\/p>\n