XLM/BTC 8H (Binance) Ascending triangle pattern in formation
Updated
Stellar Lumens is in uptrend and probably going for higher local high.
Keep an eye on that bullish pattern, the idea is to enter on triangle support, set-up:
Entry range= 0.00000693 - 0.00000707
Take Profit= 0.00000732 | 0.00000762 | 0.00000806
Stop Loss= 0.00000668
Risk/Reward ratio= 1:1 | 1:1.94 | 1:3.31
Expected Profit= 4.57% | 8.86% | 15.14%
Possible Loss= -4.57%
Fib. Retracement= 0.382 | 0.5 | 0.618
Keep an eye on that bullish pattern, the idea is to enter on triangle support, set-up:
Entry range= 0.00000693 - 0.00000707
Take Profit= 0.00000732 | 0.00000762 | 0.00000806
Stop Loss= 0.00000668
Risk/Reward ratio= 1:1 | 1:1.94 | 1:3.31
Expected Profit= 4.57% | 8.86% | 15.14%
Possible Loss= -4.57%
Fib. Retracement= 0.382 | 0.5 | 0.618
Trade active
The first entry at 0.00000707 was hit, if goes lower try to get more.Comment
Entry hit at 707 sats then pumped to TP1: +4.57% and back to buy zone.Trade closed: target reached
TP2 hit: +8.86%Trade closed: stop reached
TP3 hit: +15.14%, that's 75.7% profit with 5x in Margin trade, enjoy!Comment
It was target reached, not stop reached but I guess you got that right!Now back in entry range, you can fill your bag again but risky.
Trade closed: target reached
TP2 hit for 2nd time +8.86% so that's a +24% in total
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