XLMBTC Great trading setup
There's a huge demand for XLM recently after Stripe announce ending support of BTC. So my curiosity got to me and I can't help to think that this is a great trading setup.
Base on the EMA, MA lines, I see a sharp acceleration typically seen on a breakout.
Do I open a long trade now? I'm sure that the EMA will guide me and believe that there will be a price pullback on the EMA lines.
Base on the previous price action, I will enter at 5276 satoshi and add more of my position if it climbs higher .
Stop loss at 5100 satoshi. Target price 6500 satoshi & 7500 satoshi.
Base on the EMA, MA lines, I see a sharp acceleration typically seen on a breakout.
Do I open a long trade now? I'm sure that the EMA will guide me and believe that there will be a price pullback on the EMA lines.
Base on the previous price action, I will enter at 5276 satoshi and add more of my position if it climbs higher .
Stop loss at 5100 satoshi. Target price 6500 satoshi & 7500 satoshi.
Note
4H ChartTrade closed manually
Failed to breach previous high. Closing this trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.