XLM is moving upwards as anticipated
Updated
I hope you all had an amazing weekend! As anticipated, XRP was the necessary catalyst (see my published idea from April 6th, 2021).
Also, if you have read my comment from April 7th, 2021 (in that idea from April 6th, 2021) we saw the retest of the monthly level at 0,468$ and weekly level at 0,488$ - if you have set your stop-loss as I did for myself (0,448$) your position has not been closed and you are now part of the upwards momentum.
Our PT positions are still in play. I have mentioned on my idea from April 6th, to set your profit taking level a bit below the actual resistance level and yes, we saw the price approaching 0,67$, but it was rejected around 0,656$ - a good spot for taking profits and buying back at a lower level.
Profit taking levels still in play:
0,677$
0,746$
1,05$
Stop-Loss is now according to your entry point. If I make a good amount of profit, I take out my initial investment and let the profits run - no risk there :)
-This is no financial advice, so trade with caution!-
For transparency reasons: I am invested in
XLM with 1/3 of my portfolio and usually keep 2/3 for dollar cost averaging every 30% down.
Also, if you have read my comment from April 7th, 2021 (in that idea from April 6th, 2021) we saw the retest of the monthly level at 0,468$ and weekly level at 0,488$ - if you have set your stop-loss as I did for myself (0,448$) your position has not been closed and you are now part of the upwards momentum.
Our PT positions are still in play. I have mentioned on my idea from April 6th, to set your profit taking level a bit below the actual resistance level and yes, we saw the price approaching 0,67$, but it was rejected around 0,656$ - a good spot for taking profits and buying back at a lower level.
Profit taking levels still in play:
0,677$
0,746$
1,05$
Stop-Loss is now according to your entry point. If I make a good amount of profit, I take out my initial investment and let the profits run - no risk there :)
-This is no financial advice, so trade with caution!-
For transparency reasons: I am invested in
XLM with 1/3 of my portfolio and usually keep 2/3 for dollar cost averaging every 30% down.Trade active
How is it going for everybody out there? I hope you took your profits around 0,67$? I sold everything at that point and waited for the correction/distribution that we are seeing right now. Since XLM is connected to XRP, usually it takes XRP to do the first move or some big news from the Stellar Foundation to work as a catalyst. Profit taking levels which are still in play:
0,677$
0,746$
1,05$
Stop-Loss is still according to your entry point.
- This is no financial advice, so trade with caution!-
For transparency reasons: I am invested in
XLM with 1/10 of my portfolio - this is a precaution for potential bigger dumps, so that I can average down. Profits will not be as high, obviously, but it's all about consistency and managing a healthy risk to reward ratio.
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