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doncazper
27. Jan. 2018 06:23

XLM Hitting Supply Wall!! Short

Stellar Lumens / BitcoinBittrex

Beschreibung

Look to take profits and rebuy on correction.

Kommentar

Offhand to answer the pm's 4600-4700 is probably a good rebuy. I don't see it going under 4200sat. gives you a 10-15% buffer or u can just wait and see if it goes that low and enter the trade at the bottom of its arc in the relevant time frame.

Like the trade, follow me, there's more to come!

Kommentar

Around 4500 sat is an area I am looking to re enter the trade.

Kommentar

Slow and steady declines are a nice thing. They don't leave a lot of supply zones behind. This is good because when XLM is ready to run, there won't be many walls in the way of its climb.

Kommentar

XLM may continue a decline towards 3300-3500 sat. However it should have a clear path to 6000 sat if market/price want to go that way.

Notice how perfectly the demand zone worked that made. Had you been patient and set a buy at the bottom of my demand zone (in most of my trades) then you would be sitting at 10-15% profits on most trades. And in the ones that the stop loss hit had you been playing the bottom of the zones you would only be looking at a couple % loss. But you would've freed up your btc and had it available for other opportunities which the market is offering us.
Kommentare
annoyingserf
Cashed in 25% at 5640....I'll return after the correction
doncazper
@annoyingserf, that's a smart move
cryptomix415
@doncazper so you have this going to roughly 6000 satoshi's before correction pretty quickly huh?
doncazper
@cryptomix415, it kinda looks like it hit it's wall. I just give loose targets here. It's a guide of sorts.
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