XLM LONG

Nov 10, 2019

A cup and handle formation has been forming for quite sometime and now it seems we are on the positive/long side of it as it is re-testing the strong resistance of around .0895 (red line). This is a medium sized long position that will allow us to take advantage of the current trend while getting out before it reaches resistance just in-case the trend reverses from hitting said resistance. The stop loss is a little deep for some i'm sure so modify and monitor accordingly. If XLM continues the cup and handle formation this should be a proper execution.