XLM Long Setup.
Stellar - Short term - We look to Buy a break of 0.0842 (stop at 0.0819)
We look for gains to be extended today.
Further upside is expected although we prefer to set longs at our bespoke support levels at 0.0840, resulting in improved risk/reward.
0.0840 has been pivotal.
Posted a Double Top formation at 0.8400.
The medium term bias is neutral.
Our profit targets will be 0.0901 and 0.0918
Resistance: 0.0842 / 0.0870 / 0.0900
Support: 0.0820 / 0.0800 / 0.0784
We look for gains to be extended today.
Further upside is expected although we prefer to set longs at our bespoke support levels at 0.0840, resulting in improved risk/reward.
0.0840 has been pivotal.
Posted a Double Top formation at 0.8400.
The medium term bias is neutral.
Our profit targets will be 0.0901 and 0.0918
Resistance: 0.0842 / 0.0870 / 0.0900
Support: 0.0820 / 0.0800 / 0.0784
Trade active
Trade filled at 0.0842
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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.
Related publications
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.