XLMUSDT 4H long setup; anticipating a Bullish Pennant breakout
TA Explained
XLM developing a bullish pennant. This setup is anticipating on a bullish breakout of it targeting the previous top. Its a risky approach since the pattern didnt break yet. One could also wait for the breakout and act accordingly.
Trade setup
Best entries: 0.16330 - 0.17330
TP1: 0.19258
TP2: 0.21210
TP3: 0.22522
SL: 0.15144
RR: 3.37
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
XLM developing a bullish pennant. This setup is anticipating on a bullish breakout of it targeting the previous top. Its a risky approach since the pattern didnt break yet. One could also wait for the breakout and act accordingly.
Trade setup
Best entries: 0.16330 - 0.17330
TP1: 0.19258
TP2: 0.21210
TP3: 0.22522
SL: 0.15144
RR: 3.37
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
