Short
Steller short opportunity.
I have been watching Steller for a while now, trying to learn stuff. See the linked idea of what i think its a triangle playing out that can go either way.
I am going to play a short here. I always lose on shorts so I will watch this and if it goes against me I'll close it. They can get out of hand and cost you money if you wait for them to turn around.
Going to enter on a short timeframe close to 4600 if I can.
Stoploss of 4750.
Target of 36/3300.
And if it goes down from the triangle, add to the short.
I am going to play a short here. I always lose on shorts so I will watch this and if it goes against me I'll close it. They can get out of hand and cost you money if you wait for them to turn around.
Going to enter on a short timeframe close to 4600 if I can.
Stoploss of 4750.
Target of 36/3300.
And if it goes down from the triangle, add to the short.
Note
This is no longer a short IMO. It is trying to break out. It is one of the few alts staying with / making small gains on BTC. It's possible that it could do something like this.
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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.