I have taken a position on XLMUSDT Perpetual Futures, entering at a price range between 0.41 and 0.46. Currently, the market has shown a solid upward movement, with a +2.78% increase. Given the strong market sentiment, I'm holding a long position on both spot and futures, utilizing a 20x leverage to maximize potential returns.
The target levels for this position are set at 0.50, 0.55, 0.59, and ultimately 0.63, where I anticipate significant price action to take place. These targets are based on market trends and technical indicators, which suggest a bullish outlook for XLM in the coming days.
As for risk management, the strategy is to hold the position without setting a stop loss, as I am confident in the overall market movement. However, the entry point remains critical to ensure optimal entry and avoid unnecessary volatility.
With this approach, I am positioning myself to capitalize on the anticipated upward movement while managing risk through strategic leverage and target-setting. The ongoing trend confirms the potential for solid returns, making this an exciting opportunity to w
atch.
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