$XLM/BTC 12h (Binance Spot) Ascending triangle on support

1 Mar 2021

Stellar Lumens is ranging for some time now, up-trend could resume very soon!

Current Price= 0.00000866
Buy Entry= 0.00000865 - 0.00000819
Take Profit= 0.00001141 | 0.00001433 | 0.00001884
Stop Loss= 0.00000671

Risk/Reward= 1:1.75 | 1:3.46 | 1:6.09
Expected Profit= +35.51% | +70.19% | +123.75%
Possible Loss= -20.31%

Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months

8 Mar 2021

İşlem aktif

1st entry filled

Stellar dipped as well, we are in and now comes the waiting part!

8 Mar 2021

İşlem aktif

2nd entry filled

Time of truth is approaching for Stellar, a bounce is very likely to happen this week!

11 Mar 2021

Not

Triangle support broke-down

Stellar is not going as expected at all, but is approaching demand zone so I updated the SL a bit lower (0.00000642₿).
Risk Reward ratio is still 1:1.5 for first target, let's hope it bounces soon!

6 May 2021

İşlem kapandı: hedefe ulaştı

TP1 reached with +35.51% (1x) and +1.5R

Stellar finally made it to first target after several attempt to stop us out!
It was definitely a good option to slightly move SL lower, seems like we were lucky on that one.

15 May 2021

İşlem kapandı: hedefe ulaştı

TP2 reached with +70.19% (1x) and +2.96R

Stellar Lumens seems to have broken out of that triangle in a very bullish way this time.
This could clearly be seen if we zoom out enough, as shown in that three-daily macro view!

We extended the gain-time since the last target is surely in play, let's be patient.