XLM went parabolic the past few days.
I missed the initial move but this setup usually offer great bounces if/when it pulls back today or tomorrow.
It is critical for the pullback to the 61.8% fib level to happen either today or tomorrow.
I have a buy order at $0.25 which is around the 61.8% fib retracement level.
Stop loss would be at $0.22 and target is at $0.34.
This offers a risk:reward ratio of 1:3.
I missed the initial move but this setup usually offer great bounces if/when it pulls back today or tomorrow.
It is critical for the pullback to the 61.8% fib level to happen either today or tomorrow.
I have a buy order at $0.25 which is around the 61.8% fib retracement level.
Stop loss would be at $0.22 and target is at $0.34.
This offers a risk:reward ratio of 1:3.