XLMETH Buy Opportunity

Buy XLMETH now.
Target: 2.618 Fib of recent bullish move, MA300 on 4H, MA400 on daily = 0.00073499
SL: under 0.0006, previous short-term swing low.
RR: approx. 1:4
Capital: 5%

Zlecenie aktywne

Komentarz:

Long-term potential outlook - weekly timeframe. Channel forming?
If yes - last week XLM rejected 0.5 fib (0.00055) of initial leg up and now potentially reversing.

If channel support is broken with 0.5 fib next support is at 0.382.

Komentarz:

4H outlook - PVO is bottoming out. Volume should be catching up very shortly.
IF breaks above this could be a break out of long-term bearish trendline - potential sign of trend reversal.

Using tight stop loss if the market moves against my favor.

Zlecenie zamknięto ręcznie:

Structure seems to be fallen apart. Closed trade at 0.000615