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XLM 4-hour .. Run Chart

Atualizado

Now that the trade is active, I will be watching specific patterns to identify whether to stay in the trade, or exit.
I have place bold Violet color lines for trajectory PA that is going in a favorable direction to stay in the trade.
There are all the different Fib lines color coded to identify specific areas of support and resistances.

One problem is the Daily indicators are on the downhill run. I am (with great Hopium) expecting another express way upwards in PA.
However all the lower time frames are trying to turn the PA into a positive direction and if so... then this temporary bottom is in and may our trade bring us a decent ROI.

Good luck

Trade ativo

Price Action is struggling along. I am thinking about .. "51 cents area". I will keep monitoring PA with Indicators on all major Time Frames.

Nota

OMG ... I didn't do a stop loss on this but did the 51 cent profit order.
Complete train wreck trade. Having stop losses are just that.. take a small loss "Not a Huge Loss", like I just did.
#1 It is very profitable in comparison to have the money to reinvest at lower levels.
#2 Investing at a lower level with less money turns a profit quicker than waiting to reach your old entry levels.
#3 PA does need to fall 5% - 10% in order to make a break even to profit before PA reaches the old entry level.
#4 Patiently wait for a correct set-up entry if you've stopped out. There are always more trades in the future. Or move the trade using a totally different crypto-coin.

Okay I am in the "hole" bad on this one. Luckly for now, it looks like PA has a H & S pattern forming.
I have thought about a possible target range for the H & S pattern to end at.
When/If PA gets to the "Green Target Box Graphic", I will focus in on the situation of PA and figure out what to do.. Selling is a strong option at that point.

Nota

From the H & S pattern we have had a very nice return. If purchased at 36 cents, PA has increased 15% and from the bottom point a 33% increase. PA has hit the green box area "levels" that we were expecting from the H & S pattern. I feel like 47 cents is still obtainable.

Nota

Ends up that (the above picture) was a good time to exit the trade. What got me was the fact, the 4-hour RSI never got to +70 or over level, It is very rare that the RSI fell short of it's normalcy movement. With the Holidays and family, I felt the burn of this trade when I got back online to check it. All in all, the holidays are certainly been very slow and low levels of new buyers. It definitely is helping the bears with their agenda.

Lets take a look at this opportunity of lower level pricing with Stellar.

Nota

Well, PA has indications of a reversal. There are some indicators that seem like a little more downside would help push the upside movement. Based on that, currently the candlestick patterns on the 4-hour indicate a temporary movement to the upside, also an overwhelming read that downside is still a highly likely possibility. I like the risk, I might buy some bags down here.

Nota

OMG am I still in this trade..? currently down 5% of capitol on this one.

Nota

Gonna exit this trade finally.. will I hope I do

Nota

I missed the exit by 3 tenths of a cent.
so I still hodl the bags.. looking for the next exit.
....
There's chatter about a further dip today into tomorrow and nobody really knows till Monday.
And I visually see more reason for upwards then down, as more indicators point this way.
This means, some indicators are reasoning for downwards.
..
15 should push the 1-hour into a strong uptrend. which will push the 4-hr and daily up.
..
The failure of the 1-hour or the 1-hour needing to reset at the low point will delay this uptrend.
..
However if the uptrend happens today/tomorrow.. I expect something like this to occur.

Trade fechado: objetivo atingido

Finally sold the bags... Looking for the next entry

Nota

7.82% on the capitol for that trade.. 5 week hold

Quartz-

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