XLMUSDT
Type: Short
Entry: 0.2858
Stop: 0.2931
Take Profit: 0.2481
Bulls are strong but this gonna calm down.
Rationale
- Key resistance level (0.2829)
- Over sold on higher timeframe
- Cloud & EMA indicators show price diverging away from the mean
This is a counter trend trade to profit from a retracement.
Comment:
Adjusted the stop loss
learnt that the key support level is more confluent at this level
Trade closed: stop reached:
the fomo is too strong, stopped out