Trade Recommendation: Stellar

The trading idea is based on a breakout above 0.00000500 resistance level and a continuation of the uptrend. Pending orders for buy can be placed above the previous high at 0.00000530 level. Stop orders must be placed at 0.00000430 level. Profit targets are 0.00000800 and 0.00001350 levels. The market has good potential for upward movement. But if the price drops below 0.00000430 level, you should delete buy orders and wait for a new trading opportunity. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Market: STRBTC
Buy: 0.00000530
Stop: 0.00000430
Profit Targets: 0.00000800 and 0.00001350

The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in Stellar.

Featured image courtesy of Shutterstock. 

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.