Is XLM about to moon?

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.
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.

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.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.