Been watching this 
STBL bottoming situation for a while, posted a potential trade idea yesterday, based mostly on the BAT harmonic and a breakout above the falling trendline resistance (also invalidation of the main bearish chart pattern, the PENNANT).
Solid price recovery, backed by volume, all that's missing is the BREAKOUT.
50 SMA at 11.5c still acting as a pivot (support/resistance), as it has.
SPOT TRIGGER order: at 12.5c
STOP LOSS: close 5% below the 50 MA, around 10.6c at the moment.
TAKE PROFIT: 17.5c, 21c, and let some run
Details on the charts I attached. You do you, only journalling here.
Better details on my X, I'm limited here to one screenshot ;(
👽💙
STBL bottoming situation for a while, posted a potential trade idea yesterday, based mostly on the BAT harmonic and a breakout above the falling trendline resistance (also invalidation of the main bearish chart pattern, the PENNANT).Solid price recovery, backed by volume, all that's missing is the BREAKOUT.
50 SMA at 11.5c still acting as a pivot (support/resistance), as it has.
SPOT TRIGGER order: at 12.5c
STOP LOSS: close 5% below the 50 MA, around 10.6c at the moment.
TAKE PROFIT: 17.5c, 21c, and let some run
Details on the charts I attached. You do you, only journalling here.
Better details on my X, I'm limited here to one screenshot ;(
👽💙
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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.