Trade Recommendation: Stellar | Hacked: Hacking Finance
user

Analysis

Trade Recommendation: Stellar

Posted on .

Trade Recommendation: Stellar

Introduction

This article was posted on Monday, 16:16, UTC.

The market dropped to the support zone formed by the uptrend line and 0.017000 support level. This zone can stop and reverse the falling market. In order to catch a possible upward movement after price reversal, we can place pending orders for buy above the local swing high based on the 1H chart. If we get a new swing high which is lower than 0.019300 level, we’ll move pending orders to the new swing high. Stop orders must be placed below the uptrend line. Profit targets are at the resistance levels.

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

If the price breaks the uptrend line without activation of pending orders, we’ll have to delete these orders and wait for a new trading opportunity. The market will be able to bounce from the support level. It will be a new buy signal based on price reversal. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Buy: 0.019300
Stop: 0.016500
P
rofit Targets: 0.022500 and 0.024500

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The trading signal is based on Poloniex chart.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Dmitriy Lavrov

Dmitriy Lavrov

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.

There are no comments.

View Comments (0) ...
Navigation
The team:
Dmitriy Lavrov
Analyst
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More
Jonas Borchgrevink
Founder
Jonas Borchgrevink is the founder of Hacked.com and CryptoCoinsNews.com. He is a serial entrepreneur, trader and investor. He shares his own personal journey on Hacked.com. // -- Discuss and ask Read More
Mate Csar
Analyst
Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive Read More
Mati Greenspan
Analyst
Senior Market Analyst at Etoro.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Important: Never invest Read More
Rakesh Upadhyay
Analyst
Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use Read More
Pamela Meropiali
Account Manager
Pamela Meropiali is responsible for users on Hacked.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Read More
Joseph Young
Journalist
Joseph Young is a finance and tech journalist & analyst based in Hong Kong. He has worked with leading media and news agencies in the technology and finance industries, offering Read More
The price dropped below the kumo and then broke the…