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ProjectSyndicate
Jul 6, 2020 7:58 PM

XLMUSD H8: SHORT IT into heavy resistance (SL/TP)(NEW) Long

Stellar / United States DollarCoinbase

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XLMUSD H8: SHORT IT into heavy resistance (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more upside
before reversal (BEARS).

🔸 Summary and potential trade setup
::: XLMUSD H8 chart review
::: heavy mirror resistance 7550 S/R
::: expecting reversal near that level
::: recommended strategy: SHORT IT 7550
::: SL is 7750. TP is 20%+ gains (BEARS)
::: get ready to SHORT high from my level
::: great mirror S/R level for BEARS
::: near 7550. confirmed previously.
::: short-term expecting more upside
::: SHORT/HOLD setup do not expect fast gains
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARISH
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