henryxue

4H Bottom Finishing

henryxue Updated   
BINANCE:XLMUSDT   Stellar / TetherUS
Weekly need consolidation.
Daily maybe form a head and shoulders. Potential Neckline at0.2554 to 0.2655
4H approaching third resistance at0.25540 and 4H RSI < 30 good for bottom finish for a little daily or 4H bounce
plan:
start scaling from 0.263 to 0.25370 set stop-loss at lowest support before the bounce or check out the 1H chart ( only use 25% of my position)
Target: T1 around 12 ema touch, T2 around 0.322.
StopLoss: rise stop with 1H HL

Probably finish nothing but lose nothing either.

It is only the personal trading Journal, not for advice, but opinions and pieces of advice are welcome.
Good person to follow---- TheChartGuys
Comment:
Filled around 0.2650
taking the first Target at 0.285(1/2)
wait on the second target around 0.32 or stop out by 4h HL

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