Stellar (XLM) formed another Shark for bullish reversal move
Hi, dear friends, hope you are well, and welcome to the new update on the Stellar (XLM) coin.
Previously the XLM had a nice bullish reversal move after the completion of the bullish Shark move:
Now this time on the 2-day time frame chart, the price action of XLM completed another Shark pattern. There is also 50 simple moving average in the buying zone.
Buying and sell targets for Shark move:
Buy between: $0.3809 to $0.2955
Sell between: $0.4876 to $0.6908
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $0.2955.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 133%, and a high loss possibility up to 23%.
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 the XLM had a nice bullish reversal move after the completion of the bullish Shark move:
Now this time on the 2-day time frame chart, the price action of XLM completed another Shark pattern. There is also 50 simple moving average in the buying zone.
Buying and sell targets for Shark move:
Buy between: $0.3809 to $0.2955
Sell between: $0.4876 to $0.6908
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $0.2955.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 133%, and a high loss possibility up to 23%.
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.