XLM(Stellar Lumens) - Seeing a nice trade opportunity here
First of all, the goal is to finish the trade before March 19th
There is a big event coming in at March 19
which is Moeny2020 Asia ( asia.money2020.com )
*Attenders and speakers info - ( asia.money2020.com/attending-companies, asia.money2020.com/2019-speakers)
Anyway, Jed McCaleb (Stellar Cofounder) and Jesse Lund (IBM Blockchain VP) is presenting a keynote at the very first day & first session in the event.
It is also noted that IBM is exclusively announcing a new product here (probably related to world wire / global banking & payment services).
The trade is primarily based on this news.
So it can happen but it can also not happen, so remember to keep your stop loss tight.
Chart-wise,
XLM broke out from the falling wedge pattern (in red) with noticeable trade volume (in 19,Feb)
I believe XLM has reached it's momentary bottom,
and formed a new upward channel (in green)
Current price is in the lower level of this channel.
Good time to buy, hope for the target, and most importantly remember the stop loss.
There is a big event coming in at March 19
which is Moeny2020 Asia ( asia.money2020.com )
*Attenders and speakers info - ( asia.money2020.com/attending-companies, asia.money2020.com/2019-speakers)
Anyway, Jed McCaleb (Stellar Cofounder) and Jesse Lund (IBM Blockchain VP) is presenting a keynote at the very first day & first session in the event.
It is also noted that IBM is exclusively announcing a new product here (probably related to world wire / global banking & payment services).
The trade is primarily based on this news.
So it can happen but it can also not happen, so remember to keep your stop loss tight.
Chart-wise,
XLM broke out from the falling wedge pattern (in red) with noticeable trade volume (in 19,Feb)
I believe XLM has reached it's momentary bottom,
and formed a new upward channel (in green)
Current price is in the lower level of this channel.
Good time to buy, hope for the target, and most importantly remember the stop loss.
and is also losing the momentum currently.
so I'm selling 3/4 of my lumens here (Sky blue line)
and holding remaining 1/4 to see if it touches the target.
I might buy back lumens between black&red line
**** ONLY in case the price suddenly drops due to BTC dump move
**** IF the price slowly falls, then I will probably end my trade.