Stellar Lumens - Looking for a Bounce
Hello chaps!
I'm looking at a long here with the first target set at 0.00003270.
My theory is; a double bottom style bounce due to strong previous support on the swing lows.
Now, I know Altcoin support zones are laughably thin, so my stop would be set quite aggressively at around 0.00002830 mark (just under any previous wicks).
RSI might be just teasing us here, but you could be mistaken for a whiff of bullish divergence.
That's all for now. Cheers!
---
Getting my feet wet with TA, so I'm open to criticism and willing to listen to any advice from the more seasoned out there.
In the words of Carter Thomas "None of this is professional advice, just a random dude on the internet giving his opinion" :D
I'm looking at a long here with the first target set at 0.00003270.
My theory is; a double bottom style bounce due to strong previous support on the swing lows.
Now, I know Altcoin support zones are laughably thin, so my stop would be set quite aggressively at around 0.00002830 mark (just under any previous wicks).
RSI might be just teasing us here, but you could be mistaken for a whiff of bullish divergence.
That's all for now. Cheers!
---
Getting my feet wet with TA, so I'm open to criticism and willing to listen to any advice from the more seasoned out there.
In the words of Carter Thomas "None of this is professional advice, just a random dude on the internet giving his opinion" :D
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.