On a clear confirmation of break out I will go long and I will start taking profits incrementally around 1600 (target is your call, personally I will try not to be greedy). Stop loss on red line or your own risk tolerance.
I appreciate any feedback as I am new to TA and trading.
If I learn from my mistake then it was worth it. Hope you all caught this trade!
By the way, I think XLM will be one of the best holds of 2018
XLM is going to fly.
Don't get me wrong, I appreciate that this is disruptive tech and that some will be around long after I'm gone, it's just hard to know which ones. So I carry no loyalty to any but the reigning King of the cryptosphere. I don't think in fiat as I have no intention of cashing out anything...ever. I expect I'll use the new tech eventually and you're right, I may very well be using Stellar to buy my beer and pizza, gas and fish bait. Then again it might be Ripple...then again it could be Bytecoin.
The second thing I learned was nobody really knows where this is all going. Ripple has the marketing, Stellar has much more potential to perform many more real world applications than Ripple...but I read the charts and listen to the noise on it all. When the squeeze is on I margin to the trend.
Up, down, all around...my current aim is to stack sats and that's all I hold long term.
Didn't intend to share so much...hope it helps someone improve their situation. Sometimes a loss is a gain...my third and likely most important trading lesson in this market.