Stellar continues to be supported by this bullish trendline.
After some retrace and consolidation it has again broken away from downtrend.
I'd be considering a position on support line but with previous high only about 8% higher from current I think I'm happy on the sidelines rather than taking a breakout entry.
A push to previous high before retesting at current PA is not out of the question but it certainly remains one to watch.
If you caught the break and are holding, happy days, you probably can afford a minor dip if rejected.
Regardless of entry, I'd be wary of a sell off at the .5875 USDT mark.
Check your "depth" trading charts so you don't get caught out.
As always, not financial advice,
Just my thoughts and TA.
Bingaz
After some retrace and consolidation it has again broken away from downtrend.
I'd be considering a position on support line but with previous high only about 8% higher from current I think I'm happy on the sidelines rather than taking a breakout entry.
A push to previous high before retesting at current PA is not out of the question but it certainly remains one to watch.
If you caught the break and are holding, happy days, you probably can afford a minor dip if rejected.
Regardless of entry, I'd be wary of a sell off at the .5875 USDT mark.
Check your "depth" trading charts so you don't get caught out.
As always, not financial advice,
Just my thoughts and TA.
Bingaz