XLMUSDT 4H long setup; anticipating a Bullish Pennant breakout
TA Explained
XLM developing a bullish pennant. This setup is anticipating on a bullish breakout of it targeting the previous top. Its a risky approach since the pattern didnt break yet. One could also wait for the breakout and act accordingly.
Trade setup
Best entries: 0.16330 - 0.17330
TP1: 0.19258
TP2: 0.21210
TP3: 0.22522
SL: 0.15144
RR: 3.37
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
XLM developing a bullish pennant. This setup is anticipating on a bullish breakout of it targeting the previous top. Its a risky approach since the pattern didnt break yet. One could also wait for the breakout and act accordingly.
Trade setup
Best entries: 0.16330 - 0.17330
TP1: 0.19258
TP2: 0.21210
TP3: 0.22522
SL: 0.15144
RR: 3.37
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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.
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.