Im long on XLM after todays drop! I think the ATH can be breached.
Its a little late, but since Im looking at these more as swing trades I am trading of the 4H chart, related to this is my earlier long on XRP too.
I think we can see a rapid push to the upside, but again, I trade in terms of probabilities and can close a trade at any given time, even tough I would love to hold on to these two for a little longer than normal!
The pattern:
Contraction ( Wedge ) leading to a rejection of 38.2% and RSI being low
Yorum
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The trade is going well, we've now locked it in. (moved SL into profit and secured 1k eur, current profit 7.4k)