Long

Stellar dancing with the devil 5

Updated

For me it was tough to trade the XLM this month as there were false triangle breakouts during this long chop, but patience is the key and here we go again. Will Stellar finally meet the devil @ 0.666? If we break this HUGE triangle up, I think there is chance for run to 0.69.
SL is local low.
Target is height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL).
RRR 7.85
Invalidated when SL level hit (even if BUY STOP-LIMIT not filled before).

Trade active

Order filled

Trade closed: stop reached

SL hit, but could be just headfake, so I will propably jump in again at the same price (BUY STOP-LIMIT) with SL slightly lower at 0.376. RRR almost unchanged (7.8). Will keep you posted.

Note

So I will be jumping in if XLM gets to 0.4134. The setup is almost identical. RRR 7.5

Trade active

Order filled, I'm in again.

Trade closed: target reached

Thanks for watching! 📺

bizmark

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