Buy XLMETH now.
Target: 2.618 Fib of recent bullish move, MA300 on 4H, MA400 on daily = 0.00073499
SL: under 0.0006, previous short-term swing low.
RR: approx. 1:4
Capital: 5%
Target: 2.618 Fib of recent bullish move, MA300 on 4H, MA400 on daily = 0.00073499
SL: under 0.0006, previous short-term swing low.
RR: approx. 1:4
Capital: 5%
Trade active
Note
Long-term potential outlook - weekly timeframe. Channel forming?If yes - last week XLM rejected 0.5 fib (0.00055) of initial leg up and now potentially reversing.
If channel support is broken with 0.5 fib next support is at 0.382.
Note
4H outlook - PVO is bottoming out. Volume should be catching up very shortly.IF breaks above this could be a break out of long-term bearish trendline - potential sign of trend reversal.
Using tight stop loss if the market moves against my favor.
Trade closed manually
Structure seems to be fallen apart. Closed trade at 0.000615
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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.
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.