tomraistrick

Exited XLM prior to Coinbase Listing

BITFINEX:XLMBTC   XLM / Bitcoin
I have closed all but 1/6th of my long-term long position in XLM for 38% profit after buying at .000035. We could still go higher but I'd rather take profits now than be caught out by a sudden drop once the real top is in like we saw recently with BAT (which I did not have a position in).

As per the chart above, I have set buy orders at .000040 & .000038. I consider XLM a strong long-term investment and would rather ensure I have a solid position than try to catch the absolute bottom, hence the fairly conservative targets.
Comment: Happy with my decision so far. Sell price was at least a local top.
Comment: Buy order 1 filled.
Comment: Price reached a local low of 3825, just short of my second buy order. I expect another drop and we could see a Head & Shoulders form on XLM so now would be a good time to exit if you missed the boat first time around.
Comment: Sold again at 4370 for 10% realised profit. Buy order 1 is back in place at .00004.
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