XLM profit on the short term! First idea published
Hello traders,
Bear in mind that this is my first published idea. I'm just trying to get around tradingview. Some advice would be greatly appreciated!
XLM is looking pretty good on the short term. After the market went through a huge correction (that might still be ungoing time will tell) we can now see a form of consolidation for the past days around the crypto world and we'll take advantage of that. Looking at 4h chart, I'm trying to take short term profit on XLM as it went back up the SMA50 and broke trough the Bollinger Bands. BB are opening up and giving us a nice green light for a trade opportunity. I'm putting tight stop losses because the overall market trend is till unclear (bull vs bear fight). XLM as to first breakout the 0.55$ resistance and then we could see some upward movement as volume keep increasing for the past days. Opened a position at 0.55$. I'm trading with care and will be monitoring this trade carefully as the vollatility is high right now.
Be gentle. If you want update just ask :)
Zip.
Bear in mind that this is my first published idea. I'm just trying to get around tradingview. Some advice would be greatly appreciated!
XLM is looking pretty good on the short term. After the market went through a huge correction (that might still be ungoing time will tell) we can now see a form of consolidation for the past days around the crypto world and we'll take advantage of that. Looking at 4h chart, I'm trying to take short term profit on XLM as it went back up the SMA50 and broke trough the Bollinger Bands. BB are opening up and giving us a nice green light for a trade opportunity. I'm putting tight stop losses because the overall market trend is till unclear (bull vs bear fight). XLM as to first breakout the 0.55$ resistance and then we could see some upward movement as volume keep increasing for the past days. Opened a position at 0.55$. I'm trading with care and will be monitoring this trade carefully as the vollatility is high right now.
Be gentle. If you want update just ask :)
Zip.
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