Stellar: Example of Long Trade

The long trade is based on an idea where the price stays above SMA200 and the local support level. The price will bounce from this support zone and move upward toward the market high. If the price breaks the support zone, we will have to search for a new trading opportunity.

Buy above 0.076350$
Stop below 0.064000$
Profit Target at 0.118500$

Risk per trade must be no more than 5% of the capital.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Technical IndicatorsSTELLARSupport and ResistanceTrend AnalysisXLMUSD

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