Trade Recommendation: Stellar

There is a new trading opportunity for Stellar (STR/USD). The price is at a possible reversal zone formed by the uptrend line, 0.016000 support level and Kijun line of the Ichimoku indicator. We should expect a price reversal with further upward movement. DMI confirms trend market conditions and allows us opening long trades. Pending buy orders should be placed at 0.019000 level with stop orders at 0.014500 level. Profit targets are 0.024500 and 0.030000 resistance levels.  If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: STRUSD
Buy: 0.019000
Stop: 0.014500
Profit Targets: 0.024500 and 0.030000

The trading signal is based on Poloniex chart.

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.
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