Stellar has been moving up lately and in my opinion it's time for a correction.
Stellar also seems to be forming a rising wedge on the STRBTC chart which could indicate a trend reversal.
Open trade: clean break below the lower line of the wedge. I'll be looking to open a position if prices breaks beneath 1410 Satoshi
TP1: 1275 Satoshi (previous resistance and also 0,5 fib retracement)
TP2: 1210 Satoshi (previous resistance and also 0,618 fib retracement)
Stoploss: 1475 Satoshi
Profit loss ratio: 2.1/1 to 3.1/1
Please note: Sudden rises or falls on the side of Bitcoin could influence the graph.
Stellar also seems to be forming a rising wedge on the STRBTC chart which could indicate a trend reversal.
Open trade: clean break below the lower line of the wedge. I'll be looking to open a position if prices breaks beneath 1410 Satoshi
TP1: 1275 Satoshi (previous resistance and also 0,5 fib retracement)
TP2: 1210 Satoshi (previous resistance and also 0,618 fib retracement)
Stoploss: 1475 Satoshi
Profit loss ratio: 2.1/1 to 3.1/1
Please note: Sudden rises or falls on the side of Bitcoin could influence the graph.
İşlem aktif:
breached through lower wedge line
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
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If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ