Stop loss below support of RSI and/or below uptrendline. Waiting for wave 5 to finish or to end below target. Sell zone spread from 5800-6000. Entry was around 5000 sats. Should've seen this chart earlier, then i would've seen the RSI resistance breakout where i would've entered right at the start of all 5 waves.
I believe my mistake is that wave 3 is never the shortest and probably longer than wave 5, which could mean wave 5's high is at the .786 fib level (which already has been reached.
Two ideal possibilities:
1. major correction after wave 5 is not that big and XLM starts a new set of waves which reach sell zone
2. current wave 5 gets one last push towards sell zone before correction
Two stop 'loss' (with small profit) possibilities:
1. RSI falls clearly below support --> sell
2. upward trendline (green) breaks clearly --> sell
I believe my mistake is that wave 3 is never the shortest and probably longer than wave 5, which could mean wave 5's high is at the .786 fib level (which already has been reached.
Two ideal possibilities:
1. major correction after wave 5 is not that big and XLM starts a new set of waves which reach sell zone
2. current wave 5 gets one last push towards sell zone before correction
Two stop 'loss' (with small profit) possibilities:
1. RSI falls clearly below support --> sell
2. upward trendline (green) breaks clearly --> sell
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.