XLMUSDT H8: SHORT IT! 40% gains BEARS.(SL/TP)(NEW)

26 feb 2021

Why get subbed to me on Tradingview?

-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates

XLMUSDT H8: SHORT IT! 40% gains BEARS.(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses in this market.

🔸 Summary and potential trade setup
::: XLMUSD 4hours/candle chart review/outlook
::: chart is LOG SCALE
::: currently price is almost maxed out
::: HEAVY BEAR liquidity overhead near 38c
::: expecting more losses
::: BEARS get ready to SHORT RIPS/RALLIES
::: TP is 40% gains 23cents
::: speculative H*S setup in progress
::: next 1-2 weeks BEAR MODE
::: FEB/MARCH weak months for crypto
::: SHORT/HOLD setup for BEARS
::: 40% gains unleveraged
::: BOUNCE possible later from 23cents
::: short-term and mid-term BEAR MODE ON
::: recommended strategy: SHORT rips/rallies
::: TP BEARS is 40% gains
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.