My 2nd trade idea is on the XLM/BTC pair
XLMBTC.
The price is on an uptrend and it has passed several resistance levels recently. Since i was not keeping an eye on this and this is my first day of actively watching it, i has caught me in an awkward moment, right in the middle of 2 levels. Since there is no clear direction in which the price is heading i have created two scenarios, one for short and for long.
I know the chart is a bit sloppy but i'm trying to improve and create more clean and crisp charts (if that's a thing in TA).
Again, questions and advice are welcomed.
XLMBTC. The price is on an uptrend and it has passed several resistance levels recently. Since i was not keeping an eye on this and this is my first day of actively watching it, i has caught me in an awkward moment, right in the middle of 2 levels. Since there is no clear direction in which the price is heading i have created two scenarios, one for short and for long.
I know the chart is a bit sloppy but i'm trying to improve and create more clean and crisp charts (if that's a thing in TA).
Again, questions and advice are welcomed.
Dagangan ditutup: hentian tercapai
The resistance level failed to hold and price went through it, thus triggering the scenario in which i would have placed a Short Trade under the resistance level, who would have been closed when the price would have hit the Stop Loss. Back to the drawing board.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.