$XLM/USDT 4h (Binance Futures) Ascending channel on support
Stellar Lumens is up-trending, let's join here on 50MA retest.
Current Price= 0.63893
Buy Entry = 0.63517 - 0.61503
Take Profit= 0.68807 | 0.73949 | 0.83636
Stop Loss= 0.57462
Risk/Reward= 1:1.25 | 1:2.27 | 1:4.19
Expected Profit= +20.14% | +36.60% | +67.60%
Possible Loss= -16.16%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 0.63893
Buy Entry = 0.63517 - 0.61503
Take Profit= 0.68807 | 0.73949 | 0.83636
Stop Loss= 0.57462
Risk/Reward= 1:1.25 | 1:2.27 | 1:4.19
Expected Profit= +20.14% | +36.60% | +67.60%
Possible Loss= -16.16%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade closed: target reached
TP1 would have been reached with +20.14% (2x) Unfortunately, PC bot missed entry by 0.00044$, that's too sad...
I hope some of you guys managed to get in manually anyway!
If not, then we'd rather wait for a pull-back before entering.
Trade closed: target reached
TP2 would have been reached with +36.60% (2x) Stellar Lumens is not willing to pull-back, nice profit if you are in manually!
Trade active
First entry filled Stellar Lumens pulled back to buy range after all, who would have thought 😜
We adapted the set-up according to this last move down, updating targets a bit higher and stop slightly lower!
Take Profit= 0.69899 | 0.77392 | 0.86689
Stop Loss= 0.56576
Risk/Reward= 1:1.25 | 1:2.51 | 1:4.07
Expected Profit= +23.64% | +47.62% | +77.36%
Possible Loss= -18.98%
Fib. Retracement= 0.618 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade closed: stop reached
SL hit with -18.98% (2x) and -1RStellar Lumens broke-down the ascending channel after all, not cool.
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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.