$XLM/BTC 12h (Binance Spot) Ascending triangle on support

Mar 1, 2021

Stellar Lumens is ranging for some time now, up-trend could resume very soon!

Current Price= 0.00000866
Buy Entry= 0.00000865 - 0.00000819
Take Profit= 0.00001141 | 0.00001433 | 0.00001884
Stop Loss= 0.00000671

Risk/Reward= 1:1.75 | 1:3.46 | 1:6.09
Expected Profit= +35.51% | +70.19% | +123.75%
Possible Loss= -20.31%

Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months

Mar 8, 2021

Trade active

1st entry filled

Stellar dipped as well, we are in and now comes the waiting part!

Mar 8, 2021

Trade active

2nd entry filled

Time of truth is approaching for Stellar, a bounce is very likely to happen this week!

Mar 11, 2021

Note

Triangle support broke-down

Stellar is not going as expected at all, but is approaching demand zone so I updated the SL a bit lower (0.00000642₿).
Risk Reward ratio is still 1:1.5 for first target, let's hope it bounces soon!

May 6, 2021

Trade closed: target reached

TP1 reached with +35.51% (1x) and +1.5R

Stellar finally made it to first target after several attempt to stop us out!
It was definitely a good option to slightly move SL lower, seems like we were lucky on that one.

May 15, 2021

Trade closed: target reached

TP2 reached with +70.19% (1x) and +2.96R

Stellar Lumens seems to have broken out of that triangle in a very bullish way this time.
This could clearly be seen if we zoom out enough, as shown in that three-daily macro view!

We extended the gain-time since the last target is surely in play, let's be patient.