XLMUSDT experiencing Bullish pressure hence according to H4 downtrend, 50% level of Fibonacci on chart and resistance level on 0.305 we have Short position potential with following TP/SL:
THE STRATEGY IS SO EASY AND POWERFUL
****Don't forget about money management****
****Avoid From FOMO****
Wish you Profit and success
After price was bouncing up from EMA ribbon that was working as support, it got affected by BTC's drop and followed leaving a 2h supply zone. Currently price is trading below EMA ribbon, however RSI is oversold and MACD is showing bearish weakness. Price is consolidating and should go up overall testing the 2h supply zone.
This will be the third bearish trade i'v taken in on XLM and the second bearish trade i have taken in this zone. It's funny how it just keeps coming back and giving us entries at the same price level. Anyways; The stop loss entry and targets remain the same as they were from the first and second trade.
Disclaimer educattional purpose only
XLMUSDTPERP currently in a bullish momentum,
I assume that price going to supply area, price can going up with or without retracement.
Please dont take this as financial advice and always use a proper good risk management.
XLM broke a downtrend creating HL and HH. We have bullish momentum on RSI, MACD and Ichimoku cloud on HTF. Expecting the price to pullback on LT so it can create HL and confirm the uptrend. Once the uptrend is confirmed I will enter Long position .
0.3 x Account balance + Stop Loss 30 % = 10 % Risk of Account balance
( Future 1x ) Binance
At the start of bullish trend, Downside of bullish channel; BUT always remember " STOP LOSS "
There is also this on my mind.
fairly straightforward and speculative.
if not .29 then .25?
if not .25 then .11?
it's of those...
this chart came forward out of: "imagine getting robbed for $40 and the guy only wants quarters, and insists on them." being a concept for a stop loss.
BEARISH SYMMETRICAL TRIANGLE PRICE ACTION
This chart pattern starts forming with bears already in control of the exchange rate's downtrend. Then both bulls and bears try to squeeze on each other by creating higher lows and lower highs respectively, till the bears finally break the triangle's lower border created by the bulls, and the exchange rate continues its...