XLM/BTC 2H (Binance) On parallel channel & falling wedge support
Updated
Stellar Lumens just gave us a really nice short result, now we are getting ready to long again:
Buy Entry= 0.00000636 - 0.00000626
Take Profit= 0.00000659 | 0.00000673 | 0.00000696
Stop Loss= 0.00000603
Risk/Reward= 1:1 | 1:1.5 | 1:2.32
Expected Profit= 4.44% | 6.66% | 10.30%
Possible Loss= -4.44%%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Buy Entry= 0.00000636 - 0.00000626
Take Profit= 0.00000659 | 0.00000673 | 0.00000696
Stop Loss= 0.00000603
Risk/Reward= 1:1 | 1:1.5 | 1:2.32
Expected Profit= 4.44% | 6.66% | 10.30%
Possible Loss= -4.44%%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
All entries filled and bounced.Note
Went down for channel support twice, I'm still expected to go up so I bought more here at 614 sats with lower SL= 0.00000589Note
Original stop was reached but as I said yesterday, I'm using a new one, let's hope it holds this time.Note
Now my stop is 0.00000573, last chance...Trade closed: target reached
At last TP1 reached with +4.44% from average entry (22.20% with 5x leverage on Binance Margin). We did well updating the SL a bit lower this time, but that's not always worth it, don't do it by default, only if chart looks really promising and not yet invalidated!
Trade closed: target reached
TP2 more than reached with +6.66% (33.30% 5x) and TP3 missed by 3 sats. I took great profit already and updated Stop in gain for remaining position!Trade closed: target reached
TP3 with +10.30%
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