Stellar LumensLong
Stellar (XLM)
XLM went parabolic the past few days.
I missed the initial move but this setup usually offer great bounces if/when it pulls back today or tomorrow.
It is critical for the pullback to the 61.8% fib level to happen either today or tomorrow.
I have a buy order at $0.25 which is around the 61.8% fib retracement level.
Stop loss would be at $0.22 and target is at $0.34.
This offers a risk:reward ratio of 1:3.
I missed the initial move but this setup usually offer great bounces if/when it pulls back today or tomorrow.
It is critical for the pullback to the 61.8% fib level to happen either today or tomorrow.
I have a buy order at $0.25 which is around the 61.8% fib retracement level.
Stop loss would be at $0.22 and target is at $0.34.
This offers a risk:reward ratio of 1:3.
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.