Stellar Long Term Trade

Let me share with you one interesting market for long term trading. Stellar seems one of the coins with good potential for upward movement. Based on the daily chart the market does not confirm a strong downward movement and it allows open long trades. Probably 0.012000 level is the bottom for this market. If so, we have to find an entry level for buying and we should do it on lower time frames. If we look at the 4H chart, we can see that the market moves in range. Bollinger Bands confirm low volatility. DMI confirms range market conditions. What does it mean? It means that we must expect a volatility breakout with further price movement. We can see that price is near the resistance zone formed by 0.020000 and 0.022000 levels. If we place pending orders for buying above 0.022000 level, it will be logical. If price breaks this resistance zone, we'll have a good confirmation of the beginning of a new up trend. This breakout will have to be confirmed by ADX line moving upward to 20 level. MACD will have to support the upward movement too. Stop orders can be placed below 0.012000 support level. Profit target should be at 0.055000 level. Trading volume for such trades should be up to 3% from your deposit size.