This is a chart of XLM/BTC in weekly candles.
The white circle and orange trend line shows price action before the explosion. Blue horizontal lines show distance between the lows of the bull runs. Blue circle shows crossover on weekly MACD. Red circles shows the wick down
This chart shows two possibilities…
1. New floor is between 390 and 427 sats… This is best place to set up large-ish buy orders in my opinion.
2. The new floor 555sats – this is a possibility but this is not yet confirmed. Entry points are shown in orange.
How I’m looking to play it:
1. Set up large buy order at 390 and smaller 1/3 as much at 427, and a 1/9th as much at 570
2. Check in at least once a week
3. If it rockets from 570 and does 100% or so gains, I’ll sell and set new buy order at 590
4. If it forms an upward trend over 5 weeks as shown by orange lines… then it may be time to look at moving previous low buy orders up before the massive breakout.
5. Remember there will be a couple of months to get in before the massive breakout and plenty of opportunities. No need to jump on the top of giant green candles.
Happy trading everyone. If you lose money, it’s your problem lol
The white circle and orange trend line shows price action before the explosion. Blue horizontal lines show distance between the lows of the bull runs. Blue circle shows crossover on weekly MACD. Red circles shows the wick down
This chart shows two possibilities…
1. New floor is between 390 and 427 sats… This is best place to set up large-ish buy orders in my opinion.
2. The new floor 555sats – this is a possibility but this is not yet confirmed. Entry points are shown in orange.
How I’m looking to play it:
1. Set up large buy order at 390 and smaller 1/3 as much at 427, and a 1/9th as much at 570
2. Check in at least once a week
3. If it rockets from 570 and does 100% or so gains, I’ll sell and set new buy order at 590
4. If it forms an upward trend over 5 weeks as shown by orange lines… then it may be time to look at moving previous low buy orders up before the massive breakout.
5. Remember there will be a couple of months to get in before the massive breakout and plenty of opportunities. No need to jump on the top of giant green candles.
Happy trading everyone. If you lose money, it’s your problem lol