Stellar (XLM) formed big bullish Cypher for upto 200% big move
HI dear friends, hope you are well and welcome to the new update on Stellar (XLM).
Previously we have seen that the price action of Stellar formed a bullish Shark on the 4-day time frame chart and still moving in the potential reversal zone.
Now at the same time on the 2-week time frame chart, the price action of XLM has formed a big bullish Cypher pattern. There is also 25SMA support in the buying zone.
Buy and sell targets:
Buy between: $0.3474 to $0.2248
Sell between: $0.4439 to $0.6757
Stop loss:
The maximum extent of potential reversal zone $0.2248 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 200%, and the high loss possibility is 36%, however at this time the risk is low as the price action is already close to the end of the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Previously we have seen that the price action of Stellar formed a bullish Shark on the 4-day time frame chart and still moving in the potential reversal zone.
Now at the same time on the 2-week time frame chart, the price action of XLM has formed a big bullish Cypher pattern. There is also 25SMA support in the buying zone.
Buy and sell targets:
Buy between: $0.3474 to $0.2248
Sell between: $0.4439 to $0.6757
Stop loss:
The maximum extent of potential reversal zone $0.2248 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 200%, and the high loss possibility is 36%, however at this time the risk is low as the price action is already close to the end of the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.