There's a huge demand for XLM recently after Stripe announce ending support of BTC. So my curiosity got to me and I can't help to think that this is a great trading setup.
Base on the EMA, MA lines, I see a sharp acceleration typically seen on a breakout.
Do I open a long trade now? I'm sure that the EMA will guide me and believe that there will be a price pullback on the EMA lines.
Base on the previous price action, I will enter at 5276 satoshi and add more of my position if it climbs higher .
Stop loss at 5100 satoshi. Target price 6500 satoshi & 7500 satoshi.
Base on the EMA, MA lines, I see a sharp acceleration typically seen on a breakout.
Do I open a long trade now? I'm sure that the EMA will guide me and believe that there will be a price pullback on the EMA lines.
Base on the previous price action, I will enter at 5276 satoshi and add more of my position if it climbs higher .
Stop loss at 5100 satoshi. Target price 6500 satoshi & 7500 satoshi.
Comment:
4H Chart
Trade closed manually:
Failed to breach previous high. Closing this trade.