I have closed all but 1/6th of my long-term long position in XLM for 38% profit after buying at .000035. We could still go higher but I'd rather take profits now than be caught out by a sudden drop once the real top is in like we saw recently with BAT (which I did not have a position in).
As per the chart above, I have set buy orders at .000040 & .000038. I consider XLM a strong long-term investment and would rather ensure I have a solid position than try to catch the absolute bottom, hence the fairly conservative targets.
As per the chart above, I have set buy orders at .000040 & .000038. I consider XLM a strong long-term investment and would rather ensure I have a solid position than try to catch the absolute bottom, hence the fairly conservative targets.
Note
Happy with my decision so far. Sell price was at least a local top.Note
Buy order 1 filled.Note
Price reached a local low of 3825, just short of my second buy order. I expect another drop and we could see a Head & Shoulders form on XLM so now would be a good time to exit if you missed the boat first time around.Note
Sold again at 4370 for 10% realised profit. Buy order 1 is back in place at .00004.
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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.