As I said on XLM chart, thats a perfect time to trade with a long position in case if we missed first bullish leg, Everything is more clear by zooming out a chart,
FTM is currently moving into a bullish channel, So I am expecting a second wave after hitting two entry points, on 50% and 66% pullback measured from first leg, Targets are shown on chart, but I will adjust second target after confirmation from my entries,
Lets see:-)
Trade active
First entry filled Hopefully second one will be filled too
Comment
we did not test down trend line (which is my second entry) so far, I am expecting a test, Also, I am expecting another bearish leg toward 18.3 on BTC before making a new high,
Might save some profit on 21.5K (BTC) level,
Trade closed manually
Take your profit, We will retest my second entry soon Re enter on second entry
Comment
If you prefer to keep your position, Please adjust your SL to entry price, and take your profit at 0.5 out, as we will definitely test my second entry.
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.