An XLM trade into the weekend

Liking the consolidation here for a long swing trade.

Not risking more than 1% on this as it needs some confirmation from BTC, but being quiet I tend to look for coins that the herd doesn’t have their radar yet.

Stop loss is just below the recent consolidation low, with our first target just shy of the latest high. If it works out I’ll be offloading 1/3 of my position at each target.

Again, will be looking to BTC as our guide because until this coin proves it can trade on it's own, it’s basically just a bitcoin trade at cheaper prices.

Max risk here is 1% of my total portfolio.

Komentarz:

Seeing some issues with the image saved to TV, so for anyone that can't read/understand the trade levels, here's the idea:

Buy Stop: 0.41
Stop Loss: 0.36
Target 1: 0.48
Target 2: 0.57
Target 3: 0.68
Risk/Reward: 3.40

Transakcja zakończona: osiągnięto poziom stop:

BTC didn't cooperate in this case and we touched our stop.