Long
XLM broke finally out of the trading range
As you can see in this post (also my previous ideas on XLM/USD), the price has finally broken out of the trading range (0,349$ to 0,476$).
Now it is a matter of patience, since we have small 4hr resistance level (orange level) that has to be broken and was a nice spot for profit taking. Other catalysts, like the positive development of XRP usually drag XLM along.
Next targets for profit taking could be:
0,61$
0,67$
0,74$
Always set your profit taking stop a little bit lower, then the actual resistance level, since we might see small rejections there, but sometimes the price might even break way above.
This is no financial advice - so trade with care!
Just for transparency: I am invested in
XLM - every now and then taking profits and reinvesting.
Now it is a matter of patience, since we have small 4hr resistance level (orange level) that has to be broken and was a nice spot for profit taking. Other catalysts, like the positive development of XRP usually drag XLM along.
Next targets for profit taking could be:
0,61$
0,67$
0,74$
Always set your profit taking stop a little bit lower, then the actual resistance level, since we might see small rejections there, but sometimes the price might even break way above.
This is no financial advice - so trade with care!
Just for transparency: I am invested in
XLM - every now and then taking profits and reinvesting.Anmerkung
Hopefully noone panicked and sold their positions (if you are/were invested) on that small bumpy ride yesterday. There were some nice profit taking possibilities at the 4hr resistance level (0,537 and 0,58$). For some reason the second 4hr resistance level at 0,58$ was not included in this screenshot, but it is still existing.Now we can see a retest of the monthly support level (white thick line at 0,468$) - there are two options:
1. After the retest of 0,468 the price will continue rising to the next levels
0,61$
0,67$
0,74$
2. If the monthly breaks, set your Stop-Loss according to your entry level either at 0,448 or 0,40$. Sometimes there can be a heavy selling, before the upwards trend continues and you don't want your Stop-Loss set to high, so that you will exit the position and the price takes off - that is all the risk to rewards ratio.
Just for transparency: I am invested in
XLM and usually have 1/3 invested and keep 2/3 for buying dipsTrade with care!
-This is no financial advice-
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.