XLMUSDT 1D long setup toward top of the channel
TA Explained
XLM broke resistance level in July and retraced back to it to confirm broken resistance as support as can be seen at the 3D chart
Price is engulfing the previous daily candle and tries to break the mid line resistance of this channel. Once successfully broken, price will try to test the upper line of channel. 4H chart is showing an uptrend creating higher highs and higher lows. SL below previous daily lows.
Trade setup
Best entries: 0.9960 - 0.9360
TP1: 0.10411
TP2: 0.11036
TP3: 0.11539
SL: 0.8881
RR: 2.41
Max leverage: 4x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
XLM broke resistance level in July and retraced back to it to confirm broken resistance as support as can be seen at the 3D chart
Price is engulfing the previous daily candle and tries to break the mid line resistance of this channel. Once successfully broken, price will try to test the upper line of channel. 4H chart is showing an uptrend creating higher highs and higher lows. SL below previous daily lows.
Trade setup
Best entries: 0.9960 - 0.9360
TP1: 0.10411
TP2: 0.11036
TP3: 0.11539
SL: 0.8881
RR: 2.41
Max leverage: 4x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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