On the graph you can see good levels to buy Stellar.
Of course the best possible way to buy somewhere around bottom. But it all depends on XLM. Will it go lower then 3050 or not?
We can suggest to see some candle shadow touches 2900 as a result your order will be filled. Or we can move to the bottom slowly.
How to understand will we touch the bottom?
1. Look at the candles If they are sharp around 3050. We more likely will see the bottom test.
2. If candles slowing down around 3100-3050 and zig-zaging around it a lot. It means that some one stopped the price and will try to hold it in this area with some fake breakouts. In this way we can only hope for big shadow candle bottom test.
So, what would me recommend. Try to buy 2900 and if we miss it buy the breakout. But it can be very fast breakout so you must be ready for it.
Also I will try to update this idea when will see something big is coming.
Target 4000.
Of course the best possible way to buy somewhere around bottom. But it all depends on XLM. Will it go lower then 3050 or not?
We can suggest to see some candle shadow touches 2900 as a result your order will be filled. Or we can move to the bottom slowly.
How to understand will we touch the bottom?
1. Look at the candles If they are sharp around 3050. We more likely will see the bottom test.
2. If candles slowing down around 3100-3050 and zig-zaging around it a lot. It means that some one stopped the price and will try to hold it in this area with some fake breakouts. In this way we can only hope for big shadow candle bottom test.
So, what would me recommend. Try to buy 2900 and if we miss it buy the breakout. But it can be very fast breakout so you must be ready for it.
Also I will try to update this idea when will see something big is coming.
Target 4000.
Note
We slowly moving down to test our low.Note
Seems like we wont test 2900. Watch out for breakoutNote
we broke down out local low and heading lower. No breakout for nowNote
We haven't reached exactly previous low around 2900 but we were pretty close to it. So we might consider this as a bottom test.Also I see a big bullish divergence on 4h.
You may wait for breakout or if you a long term buyer 3000 is still fine to buy
Trade active
Open 2967SL 2936
Note
3500 good level to fix some profits.Order cancelled
Seems like we can break our low 2936.Closed my position for now.
Its fine if I wrong and we wont go lower.
Trade active
Open long 2920-2930SL 2886
Trade closed: stop reached
Ahhhh....Trade active
2887SL 2834
Order cancelled
Closed with some profits seems like we will trigger SL zone again
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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.