joasia
Long

Opportunity to go long on retracement

POLONIEX:STRUSDT   Stellar / Tether USD
131 0 2
Stellar             broke out of a bullish descending triangle pattern on 24 January and is now retracing back to the breakout area. This presents a bullish opportunity to go long, with a stop below the top line of the descending triangle at around 0.420, which would also signal a break of recent support.

The target is 1.02

The bullish formation follows a healthy 50% Fibonacci retracement from the peak of 3 January. The ROC has also fallen below the zero line, supporting the bullish view.
Comment: The stop has been triggered today.
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