XLM pennant: classic alt coin mooning pattern
Updated
XLM is a good project with an actual use case that hasn't pumped in a while. It isn't close to its all time high in Satoshi's, and I think we have a potential long opportunity if XLM breaks out of this pattern to copy a similar pattern which many mooning alts have followed lately (Look at XRP as an example).
On a clear confirmation of break out I will go long and I will start taking profits incrementally around 1600 (target is your call, personally I will try not to be greedy). Stop loss on red line or your own risk tolerance.
I appreciate any feedback as I am new to TA and trading.
On a clear confirmation of break out I will go long and I will start taking profits incrementally around 1600 (target is your call, personally I will try not to be greedy). Stop loss on red line or your own risk tolerance.
I appreciate any feedback as I am new to TA and trading.
Note
I missed the breakout :( Took too long to transfer between exchanges and breakout came slightly earlier than expected. If I learn from my mistake then it was worth it. Hope you all caught this trade!
By the way, I think XLM will be one of the best holds of 2018
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