XLMUSDT 4H long setup; falling wedge breakout and retested
TA Explained
In my previous XLMUSDT long idea I anticipated a pennant breakout. It didnt happen unfortunately. Afterwards it did break the trendline and tested it afterwards.
Longing this breakout as it can be considered a continuation pattern.
Pretty wide SL from the average entry, so for this setup no leverage advised.
Trade setup
Best entries: 0.02875 - 0.02938
TP1: 0.19329
TP2: 0.22169
TP3: 0.26786
SL: 0.13682
RR: 4.88
Max leverage: 1
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
In my previous XLMUSDT long idea I anticipated a pennant breakout. It didnt happen unfortunately. Afterwards it did break the trendline and tested it afterwards.
Longing this breakout as it can be considered a continuation pattern.
Pretty wide SL from the average entry, so for this setup no leverage advised.
Trade setup
Best entries: 0.02875 - 0.02938
TP1: 0.19329
TP2: 0.22169
TP3: 0.26786
SL: 0.13682
RR: 4.88
Max leverage: 1
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
