TradingOn

XLM/BTC 1h (Binance) Descending channel retest

Long
BINANCE:XLMBTC   Stellar / Bitcoin
FA: Stellar Org partners with Samsung Mobile to bring easy-to-use key management for the blockchain to users.

TA: Price broke-out that parallel channel and is about to pull-back, this could be a nice scalp opportunity for a bounce.

Current Price= 0.00001049
Buy Entry= 0.00001051 - 0.00001031
Take Profit= 0.00001092 | 0.00001112 | 0.00001141
Stop Loss= 0.00000990

Risk/Reward= 1:1 | 1:1.39 | 1:1.96
Expected Profit= +4.90% | +6.82% | +9.61%
Possible Loss= -4.90%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 120h

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.