TradingOn

XLM/BTC 4H (Binance) Pumped on double bottom, time to retrace

Short
TradingOn Updated   
BINANCE:XLMBTC   Stellar / Bitcoin
Stellar Lumens surprised us by gaining +23% from double bottom.
Now it's back above MA200 but I'm expecting that more downtrend is coming!

Sell Entry= 0.00000708 - 0.00000720
Take Profit= 0.00000682 | 0.00000663 | 0.00000631
Stop Loss= 0.00000746

Risk/Reward= 1:1 | 1:1.59 | 1:2.59
Expected Profit= 4.48% | 7.14% | 11.62%
Possible Loss= -4.48%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active:
All entries filled
Trade closed: target reached:
TP1 hit with +4.48% (22.40% with 5x leverage) 🎯
Trade closed: target reached:
TP2 hit with +7.14% (35.70% with 5x leverage). Wait for last target with SL in profit!
Trade closed: target reached:
🎯TP3 reached with +11.62%, that's 58.10% profit with 5x leverage, enjoy guys!

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.