$XLM/BTC 4h (Binance Spot) Trendline Breakout Long

Stellar / BitcoinBinance

Description

⋅ Mar 8, 2021 1:21 PM

Stellar at Support and Broke out of the Downward Trend Line

Current Price= 0.00000814
Buy Entry= 0.00000804 - 0.00000816
Take Profit= 0.00000983 | 0.00001106 | 0.00001259
Stop Loss= 0.00000785

Risk/Reward= 1:6.92 | 1:11.84 | 1:17.96
Expected Profit= +21.36% | +36.53% | +55.40%
Possible Loss= -3.08%

Estimated Gain-time= 1 month
use Maximum 10 % of the Account

Trade closed: stop reached

⋅ Mar 10, 2021 6:33 AM

has hit the SL with 3.33% Loss.

reopened the trade lower with sl under the lowest wick this time.

I opened it because I have seen a bullish engulfing happen. but thats no more the case. if it hits sl its a total of 20% loss.

Take Profits are the same as before.

Comments

MohammedAbunasser

⋅ Mar 10, 2021 10:22 PM

Will continue to fall back what are the good points for entry ?

MattiaTrading

⋅ Mar 11, 2021 4:17 AM

@MohammedAbunasser, opening now could be very risky. It made a big indesision candle to liquidate some people and now its dropping more. If you want to risk it, i would open over the lowest wick like something between 690 and 700.

And stop loss at 680. If it drops down there the chance to continue the downtrend is very high