XLM looks to be coming to a potential point of Ignition.
-Has found support on the 12 Hour level
-About to float through a 12 Hour Down Trend
-Has added support from the 4 Hour Up Trend
I have entered this trade at 2530 and expect to see a move up to First Touch the 2706 4 Hour level. I then anticipate a move back down to the 4 Hour Uptrend then possibly ladder to or beyond the tested Daily level of 2975. I will monitor and update on entry and exit of the second part of the trade based on Price Action.
-Has found support on the 12 Hour level
-About to float through a 12 Hour Down Trend
-Has added support from the 4 Hour Up Trend
I have entered this trade at 2530 and expect to see a move up to First Touch the 2706 4 Hour level. I then anticipate a move back down to the 4 Hour Uptrend then possibly ladder to or beyond the tested Daily level of 2975. I will monitor and update on entry and exit of the second part of the trade based on Price Action.
Nota
I realized I submitted a 4 Hour chart. This is the hourly for clarification on the move...Nota
Stop @2497 was hit an hour after entry for a 1.28% loss. Looks like I may have not judge the 12HR support level incorrectly. Things may have worked out if BTC had begun moving up. I feel I was hasty in my entry for this trade and should have waited for crossing of the Down Trend.Nota
Tried for a re-entry @2530 upon regaining the 12 Hour Level but missed it IRL. Looks like its moving to my first target with good momentum.Nota
It looks like XLM rejected a 1 Hour Level I missed on my chart. If I had gotten entry I would have exited the trade around the 2600 for a 2.6% gain.
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.