hexag0N
Long

XLMBTC, D - cup and handle

BINANCE:XLMBTC   Stellar / Bitcoin
XLM has retraced nicely and possibly forms a cup and handle pattern here.
Support level is around the 3600ish.

1. target to confirm the cup and handle is a breakout above 4193.
2. target: 5400.

Put a stop loss somewhere below that possible handle.


I'm not a financial advisor. This is just for your entertainment and to share my thoughts. Pls let me know what you think in the comments. Trade at your own risk and use stop-losses.
Oct 08
Comment: Entry for this trade between 3630 and 3730. I expect it to range a bit inbetween while forming the handle.
Looking good!
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hexag0N BitcoinHomework
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Stop Losses at 3550. I agree with your chart more or less. What is your entry point if you don't mind me asking?
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hexag0N TheMagpie
@TheMagpie, 3679
+1 Reply
TheMagpie hexag0N
@hexag0N, Stoch RSI extremely low.
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hexag0N TheMagpie
@TheMagpie, yes, enough room to go up.
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