Long XLM / BTC
Like many coins right now XLM is in an intermediate-term downtrend (making lower highs and lower lows).
However we've got a good R/R opportunity on a long here being so close to 2018 support levels (as well as being far from recent 2019 support near 3000 sats ).
Our weekly slow stochastic cycle has just crossed up as well (this is the cyclical component of our model).
Entry - 2220 sats
Stop loss - 2060 sats (7% stop)
TP 1 - 2800-3000 sats (30% profits)
Risk/Reward ~ 1:4
I expect this trade to be invalidated if Bitcoin makes new lows.
However we've got a good R/R opportunity on a long here being so close to 2018 support levels (as well as being far from recent 2019 support near 3000 sats ).
Our weekly slow stochastic cycle has just crossed up as well (this is the cyclical component of our model).
Entry - 2220 sats
Stop loss - 2060 sats (7% stop)
TP 1 - 2800-3000 sats (30% profits)
Risk/Reward ~ 1:4
I expect this trade to be invalidated if Bitcoin makes new lows.
Transaction en cours
Good place to take first round of profits up over 20%.Trade fermée: cible de profit atteinte
Closed 80% here as target was reached. Will trail out the rest with the lower time frame higher lows. That's how Boss Crypto does it!!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.