XLM Going for 100% Move!
Updated
Daily chart here shows a nice pull pennant. Strong volume flag pole during the HUGE run up. After a few days of consolidation we have a breakout with 3 white soldiers (that's 3 green candles in a row). Possible to see a pull back in to the buy zone here at the 40-45 range. Target of the Bull Pennant: 109, which is more than 100%.
Entry: 40-45
Stop Loss: 37-38
Target: 109 or beyond (trail the Stop Loss past 100)
Questions or Comments are welcome!
Entry: 40-45
Stop Loss: 37-38
Target: 109 or beyond (trail the Stop Loss past 100)
Questions or Comments are welcome!
Note
If you're not in this trade yet keep an eye out, maybe the next 48 hours will give a buying opportunity. All depends on the beast- BTC.Note
Have you ever heard of a throwback??When coins break out of any given formation, they may come back to the support line, confirm it, and then lift off. We MIGHT be getting this here on XLM, although I still think the bulls won't let us go under 50. Keep an eye though for volume to come back at some time in the next few days.
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