XLM long - mid term (1 Month)

XLM long - mid term (1 Month)

- There was a good red capitulation 12H candle followed by a full body green one
- There are strong SUPPORT levels @0.172 @0.180 @0.197
- There is strong RESISTANCE level at @0.240
- There no obstacles between @0.240 and @0.311
- There are positive fundamentals, news and updates
- All MAs are flattening

Actions:
-Go long @0.208
- TP @0.239 0.311 0.351
- SL @0.198
- R/R 1:2 1:5 1:7

Trade active:

Moved SL to ENTRY = 0.209
Resistance got tested as predicted @0.240
Might pull back with BTC.
I am still bullish on XLM

Trade closed: stop reached:

SL was hit. No loss. No profit. Resistance was strong. BTC faced sell off. Will come back to XLM later.