XLM/BTC 12H (Binance) Falling wedge breaking out
Updated
Stellar Lumens looks bullish again, in the past those wedges broke-out well so I'm expecting history to repeat itself.
(E)MAs are acting as support now so that would help going up, I'm entering right now but will add more if pulls back in the yellow zone.
Current Price= 0.00000741
Buy Entry= 0.00000727 - 0.00000705
Take Profit= 0.00000787 | 0.00000840 | 0.010108
Stop Loss= 0.00000645
Risk/Reward= 1:1 | 1:1.7 | 1:2.97
Expected Profit= 9.92% | 17.32% | 29.47%
Possible Loss= -9.92%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 720h
(E)MAs are acting as support now so that would help going up, I'm entering right now but will add more if pulls back in the yellow zone.
Current Price= 0.00000741
Buy Entry= 0.00000727 - 0.00000705
Take Profit= 0.00000787 | 0.00000840 | 0.010108
Stop Loss= 0.00000645
Risk/Reward= 1:1 | 1:1.7 | 1:2.97
Expected Profit= 9.92% | 17.32% | 29.47%
Possible Loss= -9.92%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 720h
Note
EDIT: TP3 is 0.00000927Trade closed: target reached
TP1 hit with +8.10% from highest entry.Trade closed: target reached
TP2 hit with +15.23%Trade closed: target reached
TP3 reached with +29.47% (147.35% using 5x) from average entry.If you held from the beginning or entered back in buy range, you made some huge profit out of it, congrats!
If you haven't closed already, it's still +42% up right now, but don't be greedy 😜
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