XLM short term trade

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Bullish divergence on the hourly chart MACD and RSI.

Support from trend line at 4200 Sats

Entry 4200-4400
Stop-Loss below 4000
Short term profit targets

T1: 4900
T2: 5200

Long-Term Cup and handle pattern. However, I see a bearish divergence on the MACD and RSI so be careful in the long term.

This is my trade follow at your own risk!
Note
BTC is correcting and dragging down the Alt coins with it. That is okay hold or average down and wait until BTC hit support
Note
BTC might drop watch the 9000 support level. If it cracks below 9000 then the next support is 8700-8800 if that falls 8000 is strong support. I will close my position if BTC falls under 9000 because we can then pick up ALTs at a cheaper price!

Remember to always limit risk and follow stop losses.
Trade fermée: ordre d’arrêt atteint
Chart PatternsTechnical IndicatorsscalpTATrend AnalysisXLMxlmbtc

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