Stellar Lumens XLM formed bullish Shark for upto 85% rally
Hi dear patron, hope you are well and welcome to the new update on the Stellar (XLM) coin.
On a 2-day time frame chart, the price action of XLM has formed the final leg of the bullish Shark pattern. There is also 100 simple moving average support below the buying zone.
Buying and sell targets for Shark move:
Buy between: $0.3680 to $0.3102
Sell between: $0.4388 to $0.5747
Stop loss:
The maximum extent of potential reversal zone to $0.3102 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 85%, and the loss possibility upto 16%.
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.
On a 2-day time frame chart, the price action of XLM has formed the final leg of the bullish Shark pattern. There is also 100 simple moving average support below the buying zone.
Buying and sell targets for Shark move:
Buy between: $0.3680 to $0.3102
Sell between: $0.4388 to $0.5747
Stop loss:
The maximum extent of potential reversal zone to $0.3102 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 85%, and the loss possibility upto 16%.
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.