Long
STELLAR Breakout
Updated
POLONIEX:STRBTC is priming itself to break out of consolidation.
Risky/may take more time to develop while we are in a consolidating market.
I expect it to move downward once more in the wedge it is continuing on. Once it breaks out of this wedge there is some resistance that needs to be broken then it will be able to make a run. Resistance is around 0.00004620.
Buy in: 0.00003900 - 0.00004700
Stop-loss: 0.00003100
Targets:
1 - 0.00005102
2 - 0.00006122
3 - 0.00006999
4 - 0.00008009
5 - 0.00009067
Happy Trading,
D
Risky/may take more time to develop while we are in a consolidating market.
I expect it to move downward once more in the wedge it is continuing on. Once it breaks out of this wedge there is some resistance that needs to be broken then it will be able to make a run. Resistance is around 0.00004620.
Buy in: 0.00003900 - 0.00004700
Stop-loss: 0.00003100
Targets:
1 - 0.00005102
2 - 0.00006122
3 - 0.00006999
4 - 0.00008009
5 - 0.00009067
Happy Trading,
D
Note
Trade active
Resistance broken Note
Target 1 (0.00005102) reached Jan 24
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