Hello my fellow traders to this long overdue update on XLM.
Whether you approached this trade based on the close double bottom or on the previous resistance offering the support, it has a been trending up and providing some real market movement clarity.
Longterm bull on XLM. It is easily in my top 5 coins. I'd like to point out my rough draft trade example to help other show how I trade. Keep in mind, I never reveal my true targets, not to be deceptive, but they continuously change on the fly. We are playing with house money, and your personal money management techniques are key to how those long, and short, approach these markets.
Please refer to the chart for my info, as it takes less time for to explain this way, rather than using words which many new traders do not understand. Hell, in my former life I invested, but now I trade. So I try to make these as simple as possible for everyone. Myself included. We had some other coins trade real nice, and I hope you have taken some profits. I know I did. We still have some ways to go to confirm the bullish trend with XLM, but I do like nonetheless.
Still waiting to break the 65 from the high of my previous swing to be certain with my proposed count. So if you're not already long, no reason to be now. Let the market show you its secrets. And take them retracements when your TA supports.
Use only for your education and training. Good luck everyone.
longmoney
Whether you approached this trade based on the close double bottom or on the previous resistance offering the support, it has a been trending up and providing some real market movement clarity.
Longterm bull on XLM. It is easily in my top 5 coins. I'd like to point out my rough draft trade example to help other show how I trade. Keep in mind, I never reveal my true targets, not to be deceptive, but they continuously change on the fly. We are playing with house money, and your personal money management techniques are key to how those long, and short, approach these markets.
Please refer to the chart for my info, as it takes less time for to explain this way, rather than using words which many new traders do not understand. Hell, in my former life I invested, but now I trade. So I try to make these as simple as possible for everyone. Myself included. We had some other coins trade real nice, and I hope you have taken some profits. I know I did. We still have some ways to go to confirm the bullish trend with XLM, but I do like nonetheless.
Still waiting to break the 65 from the high of my previous swing to be certain with my proposed count. So if you're not already long, no reason to be now. Let the market show you its secrets. And take them retracements when your TA supports.
Use only for your education and training. Good luck everyone.
longmoney
Note
I see Lumens wants to break that wall ;-)Note
Quick update on XLMNote
Another test of the 65 anyone ;-)Note
Critical area approaching. Updates tonight. Trade safe everyone ;-)Note
longmoney stopped out? Not yet ;-)Note
Critical area as stated previously. This will need to be recounted and relabeled. Will do my best to update soonNote
Quick update on XLMTrade closed: stop reached
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I'm out people. Be reloading later Note
Last post for this. I am out. Trade if you want to prosNote
Apologies...Damn TV. New XLM coming soon...Trade closed manually
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See you at the update ;-)Note
Always pay attention to my arrows. Push play again if needed...
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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.