renegadeforex

XLM To New Highs

Long
KRAKEN:XLMUSD   Lumen
Here is a beautiful swing trade opportunity with multiple confluences on XLMUSD.

After stop hunting equal lows on the daily, we can see smart money accumulating orders for a few days and impulsively breaking the range, indicating that they are ready to go long again.

This morning they returned to there accumulation to mitigate orders before going long.

My target is new uncharted territory and the old daily highs, with the ISO20022 protocol, as well as the future of crypto as a whole, this is realistic in my opinion.

You can find reentries based on institutional concepts.

DISCLAIMER
THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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