victorhugoatx

Trade Ideas ~ Selling, unless the market wants something else.

Short
COINBASE:XLMUSD   Stellar
Looks like the candles are at a retest of the previous support. It’s possible we may get a surge above the resistance with the news of XRP. At the moment, the chart is looking like a sell to me. Either way, you have 2 trade ideas. The first one being a SELL we are high enough to the resistance line, please do set a stop loss. If we do get a surge of volume from the news and we close some candles above the resistance, then close the sell and look for your BUY.
No exact numbers here so close your trades when you feel comfortable, we are on the 4HR chart.

The holidays are coming too. Right before thanks giving, volume starts to slow down. From previous years, I’ve leaned to not even trade before and after thanks giving. Occasionally you may get a nice Christmas WIN. Have fun.
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.