Last nite when 
XPL was trading at $1.46 I gave a warning about an active RISING WEDGE breakdown going on and it's just hit its $1.18 target.
It also found support right at the TRIANGLE (broken out of which was followed by the ATH) upper trendline.
RSI is also flashing a BULL divergence (no new RSI low while price has made a lower low, to put it simply).
So, I still have orders between $1 and $1.1 waiting but I'm also tempted to open a long position.
I will risk:
LONG: $1.21
STOP LOSS: $0.935
TAKE PROFITS: $1.425 / $1.69 / $1.99
You do you, this is quite risky due to
BTC dominance being on WAVE 5, hopefully I will be able to pull up the STOP LOSS higher soon as it is a wide one, so a LOSS would be painful💙👽
XPL was trading at $1.46 I gave a warning about an active RISING WEDGE breakdown going on and it's just hit its $1.18 target. It also found support right at the TRIANGLE (broken out of which was followed by the ATH) upper trendline.
RSI is also flashing a BULL divergence (no new RSI low while price has made a lower low, to put it simply).
So, I still have orders between $1 and $1.1 waiting but I'm also tempted to open a long position.
I will risk:
LONG: $1.21
STOP LOSS: $0.935
TAKE PROFITS: $1.425 / $1.69 / $1.99
You do you, this is quite risky due to
BTC dominance being on WAVE 5, hopefully I will be able to pull up the STOP LOSS higher soon as it is a wide one, so a LOSS would be painful💙👽
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.