XLM ready to go up +60% ... Serious ?
Updated
XLM looking like it wants to go up. From a pure TA if we consider that we're in a symmetrical triangle, if we break by the top, the target could be 77 satoshis -> which would be ~$1 if BTC is close to $14'000
This will not be achieved in 1 day, several days/weeks.
The buy signal will be:
- triangle exit by the top
- significant volume kicks in and stays
- RSI down right before the breakout
Be patient, take some profits after +10% and +20% and let the rest run.
If the triangle breaks by the bottom, it's BAD, next support at 4350sat.
Follow me on twitter to have all my thoughts and TAs: twitter.com/Blockchain_rekt
Some tips:
Don't engage too much on this trade, less than 5% of your trading portfolio is in general a good %.
Only trade what you can lose. Take profits and place stop losses.
Disclaimer:
This is not a financial advise or a buy recommendation, trade a your own risk, in this highly risky market.
Trade active
I'm not seeing the breakout by the bottom. We'll have to see in the coming days if it gets back in the triangle and continues the pattern. Keep waiting.Trade closed: stop reached
Don't enter the trade. We saw exactly what we did not want to see. That tells you how risk to enter before a confirmation.
Great we did not get in.
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