$XLM/USDT 4h (Binance Futures) Descending broadening wedge
Stellar Lumens looks good for bullish continuation after bouncing on 100EMA support.
More information about that Smart Contract coin on stellar.org/
Current Price= 0.32961
Buy Entry = 0.33009 - 0.31951
Take Profit= 0.35092 | 0.38536 | 0.41346
Stop Loss= 0.30608
Risk/Reward= 1:1.4 | 1:3.24| 1:4.74
Expected Profit= +24.12% | +55.95% | +81.90%
Possible Loss= -17.28%
Fib. Retracement= 0.618 | 1.272 | 1.764
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
More information about that Smart Contract coin on stellar.org/
Current Price= 0.32961
Buy Entry = 0.33009 - 0.31951
Take Profit= 0.35092 | 0.38536 | 0.41346
Stop Loss= 0.30608
Risk/Reward= 1:1.4 | 1:3.24| 1:4.74
Expected Profit= +24.12% | +55.95% | +81.90%
Possible Loss= -17.28%
Fib. Retracement= 0.618 | 1.272 | 1.764
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 reached with +24.12% (3x) and +1.4RStellar Lumens pumped nicely and is retesting the descending TL right now.
Looking ready for more, SL adjusted to lowest entry anyway (0.31951$).
Trade closed: target reached
TP3 reached with +81.90% (3x) and +4.74RStellar Lumens broke-out of the wedge as expected, achieving all targets with great profit.
Trade is fully closed and price is pulling back, keep an eye on another buy opportunity!
Related publications
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.
Related publications
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.