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Btcxlm

XLM/BTCKeep it simple! Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade. With a weekly view of XLM we can see it has come down to the first green box and held an important level at the 5400's Sats. For those that entered the trade, your first profit target should have been hit, and the trade is not profitable. Two outcomes are likely to happen here now. 1 - XLM will continue to make higher lows at this range and test new levels of resistance which were previous support OR 2 - XLM re-test the green box at 5400 and this breaks. If this happens then your next entries should be in the second green box range. This is a final support level which has yet to be tested. In both cases the set ups are easy, and the stops below the boxes make the risk to reward VERY good. Please note that the boxes are a range, so you should be laddering in and out your positions. This means the price is averaged in your favour.
by djhodnett
3
A Stellar Weekend!A double bottom reversal occurred at 3k sats which has brought us to current levels. Expect XLM to at least hit 3.3k sats before the end of weekend trading if this is really the breakout we've been waiting for. I expect us to band sideways at the 3.1k sats level before we move on up to 3.3k and re-evaluate. BTC seems to be on an upward course at least in the short term - which means XLM should act similarly. XLM still has a lot of recovery to do yet. Its still a great time to accumulate as we move on up!
by rgeddes
4