Pattern trade setup - XLM
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New day - New trade setup , After a huge downward rally cryptocurrencies are up on an average 4% to 5% today , something like a relief rally !! Ok but here I'm gonna share my trade setup for XLMUSDTPERP , It's forming symmetrical triangle pattern which is also a continuation pattern , no one know in which direction the breakout occurs but according to current market sentiment it is likely to break upwards. I'm gonna enter once it test the breakout successfully.
Key Levels to watch :
Upward Breakout
entry range : 0.14945 - 0.15029
Target - 1 : 0.15598
Final Target : 0.16948 ( consider below this level )
Profit booking range : 0.15598 - 0.16948
For Downward breakout I'll update if the current scenario changes.
Disclaimer : Any information provided here is not a financial advice, trade at your own risk!
New day - New trade setup , After a huge downward rally cryptocurrencies are up on an average 4% to 5% today , something like a relief rally !! Ok but here I'm gonna share my trade setup for XLMUSDTPERP , It's forming symmetrical triangle pattern which is also a continuation pattern , no one know in which direction the breakout occurs but according to current market sentiment it is likely to break upwards. I'm gonna enter once it test the breakout successfully.
Key Levels to watch :
Upward Breakout
entry range : 0.14945 - 0.15029
Target - 1 : 0.15598
Final Target : 0.16948 ( consider below this level )
Profit booking range : 0.15598 - 0.16948
For Downward breakout I'll update if the current scenario changes.
Disclaimer : Any information provided here is not a financial advice, trade at your own risk!
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