In my opinion we just finished the 1 wave of the next bullish move.
In the shortterm I expect XLM to retrace a little before we launch again.
Therefore, I advice you not to buy in right now but wait for a retracement and then buy back in.
In the shortterm I expect XLM to retrace a little before we launch again.
Therefore, I advice you not to buy in right now but wait for a retracement and then buy back in.
Comment:
The expected retracement:
Comment:
So far everything unfolds as expected.
This is how I trade this move:
I have 3 orders at price levels where I think we will bounce (.618, .786, .88 Fibs).
With .618 Fib being the most likely of them all.
The last order at .88 is just a fishing order to get the coin at the lowest point but I don't expect it to retrace that far.
I will take 50% (of my holdings) from the table when we reach the first green box.
I think we will bounce back a little from this resistance.
And the rest I will sell once we reached the second green box.
This is how I trade this move:
I have 3 orders at price levels where I think we will bounce (.618, .786, .88 Fibs).
With .618 Fib being the most likely of them all.
The last order at .88 is just a fishing order to get the coin at the lowest point but I don't expect it to retrace that far.
I will take 50% (of my holdings) from the table when we reach the first green box.
I think we will bounce back a little from this resistance.
And the rest I will sell once we reached the second green box.
Comment:
This subwave count shows what price movement I expect.
Comment:
We bounced right of the fib ;) 11% profits so far. Good job to anyone who took action as well.