moon333

Stellar (XLM) formed big bullish Cypher for upto 200% big move

Long
BINANCE:XLMUSDT   Stellar / TetherUS
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.

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