STELLAR - Shorts Looking Likely
Stellar came down from a massive impulse in the last few months and we are currently in an expanding correction.
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and enter with stops above 0.302.
Targeting: 0.2
LONG IDEA:
Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and enter with stops above 0.302.
Targeting: 0.2
LONG IDEA:
Wait for a bullish break out of that expanding correction. Enter on the first bullflag breakout
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