TheMagpie

Short Term Forecast not good for XLM (Stellar)

Short
BITFINEX:XLMBTC   XLM / Bitcoin
RSI suggests XLM was overbought. I have entered a shirt at 4400 and I expect to close at the 4100 mark where we may see a short revival.

Targets are as follows:

1: 4100

2: 4000

3: 3800

From 3800-3900 I will be entering a long again.

Disclaimer: This is not trading advice, just what I plan on doing.
Trade active: Opportunity to take small profits here. I expect lower price to come. 100% retracement now on the 24 hour.
Comment: Strong support on the 4200, we will see if it holds.
Trade active: Dropped below 4200 and support has become resistance as expected. BTC has taken a downturn too. Watch carefully.
Comment: A look at the daily

Comment: Closing in on Target 1: 4100
Trade closed manually: I have closed my trade at 4150 to take profits.
Trade closed: target reached: Targets reached

Comments

LOL goodluck
+1 Reply
TheMagpie silverback79
@silverback79, Thank you.
+1 Reply
TheMagpie TheMagpie
@TheMagpie, New TA here (daily).

Reply
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