Stella Lumens overextended!
XLMUSDTType: Short
Entry: 0.2858
Stop: 0.2931
Take Profit: 0.2481
Bulls are strong but this gonna calm down.
Rationale
- Key resistance level (0.2829)
- Over sold on higher timeframe
- Cloud & EMA indicators show price diverging away from the mean
This is a counter trend trade to profit from a retracement.
Note
Adjusted the stop losslearnt that the key support level is more confluent at this level
Trade closed: stop reached
the fomo is too strong, stopped out
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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.