Buy XLMETH now. Target: 2.618 Fib of recent bullish move, MA300 on 4H, MA400 on daily = 0.00073499 SL: under 0.0006, previous short-term swing low. RR: approx. 1:4 Capital: 5%
Trade active
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Comment
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Long-term potential outlook - weekly timeframe. Channel forming? If yes - last week XLM rejected 0.5 fib (0.00055) of initial leg up and now potentially reversing.
If channel support is broken with 0.5 fib next support is at 0.382.
Comment
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4H outlook - PVO is bottoming out. Volume should be catching up very shortly. IF breaks above this could be a break out of long-term bearish trendline - potential sign of trend reversal.
Using tight stop loss if the market moves against my favor.
Trade closed manually
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Structure seems to be fallen apart. Closed trade at 0.000615