XLMUSDT 4H long setup; falling wedge breakout and retested
TA Explained
In my previous XLMUSDT long idea I anticipated a pennant breakout. It didnt happen unfortunately. Afterwards it did break the trendline and tested it afterwards.
Longing this breakout as it can be considered a continuation pattern.
Pretty wide SL from the average entry, so for this setup no leverage advised.
Trade setup
Best entries: 0.02875 - 0.02938
TP1: 0.19329
TP2: 0.22169
TP3: 0.26786
SL: 0.13682
RR: 4.88
Max leverage: 1
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
In my previous XLMUSDT long idea I anticipated a pennant breakout. It didnt happen unfortunately. Afterwards it did break the trendline and tested it afterwards.
Longing this breakout as it can be considered a continuation pattern.
Pretty wide SL from the average entry, so for this setup no leverage advised.
Trade setup
Best entries: 0.02875 - 0.02938
TP1: 0.19329
TP2: 0.22169
TP3: 0.26786
SL: 0.13682
RR: 4.88
Max leverage: 1
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.