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iv6n
Oct 29, 2018 4:52 PM

XLM-USDT 

Stellar / TetherUSBinance

Description

3h Chart:


XLM is also in a downtrend.

My trading idea for this current market state:
1. buy at -150% range (lots of resistance here)
2. buy again at -200% range (support level & absolute low for this year)

Trade active

Quick tade idea on 15min


XLM moving inside descending parallel channel
-just hit the lower part
-buy around this zone and hold until price reach the top part of the channel (around 3.5%)
-set stop at -1%

Trade closed manually



Traded closed at 2%

Comment

Short term development.
However, I would wait for the retracement at -100% level.

Trade active

XLM just broke the descending downtrend pattern


Short term Targets as shown in the screenshot. (Stop at 50% level / reentering in channel)

Trade closed: target reached

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