Stellar (XLM) formed another Shark for bullish reversal move

Stellar (XLM) formed another Shark for bullish reversal move

By moon333 | moon333 | 25 May 2021


Hi, dear friends, hope you are well, and welcome to the new update on the Stellar ( XLM ) coin.

Previously the XLM had a nice bullish reversal move after the completion of the bullish Shark move:

qUfWI5MP_big.png

https://www.tradingview.com/chart/XLMUSDT/qUfWI5MP-Stellar-Lumens-XLM-formed-bullish-Shark-for-upto-85-rally/ 

 

Previous idea after bullish reversal move:

1.jpg?token-time=1623196800&token-hash=A606hs6D7S1qKaKdiM0B_iXDRQ9JPEJWy-J5A9rsXjY%3D

 

 

 

Now this time on the 2-day time frame chart, the price action of XLM completed another Shark pattern. There is also 50 simple moving average in the buying zone.

3UzoLynd

https://www.tradingview.com/chart/XLMUSDT/ovMPJ0y0-Stellar-XLM-formed-another-Shark-for-bullish-reversal-move/

 

Buying and sell targets for Shark move:
Buy between: $0.3809 to $0.2955

Sell between: $0.4876 to $0.6908

Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $0.2955.


Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 133%, and a high loss possibility of up to 23%.


Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

 

For more harmonic trading ideas you can join:

https://www.patreon.com/moon333

 

Link for Binance exchange, the best place to buy or sell Crypto:

https://www.binance.com/?ref=11256882

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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