The trader on The Moon Show has taken an XLM position with 20x leverage on the weekly timeframe, targeting a rally to 62 cents. He is following time-honored patterns and has implemented risk management to accompany the trade.<\/p>\n
In one of the latest episodes, he made his case for XLM through a leveraged trade. His reasoning is that XLM is currently exhibiting a pattern similar to what was seen with XRP in the past, an occurrence that led to a 581% run-up. This underpins his bullish outlook for XLM’s price in the short term.<\/p>\n
To open the trade, he used a cross-margin account; this is a matter of convenience as it makes any gains from other positions available as collateral. When dealing with high leverage, such flexibility is useful for staying on top of margin requirements.<\/p>\n
The trader was well aware of the risks associated with high leverage and set a stop-loss at 18.8% to counter them. Such a measure is a necessary safeguard when using leverage this aggressively, serving to protect against abrupt downside and keep losses to a minimum.<\/p>\n
On the XLM trade with 20x leverage, the profit objective is 62 cents; by the trader\u2019s reckoning, that would be a return of about four or five times the initial investment. To put the scope of higher leverage in perspective, he gave the example of 200x, which would allow an $80,000 position to be opened with $400 capital, though he was quick to stress the dangers of going to such extremes.<\/p>\n
On The Moon Show, the trader emphasized the community aspect of trading and mentioned his referral link so viewers could have a chance at bonuses and giveaways. A more thorough analysis is available in Jay Spizzle\u2019s video on the channel, he noted, where advanced XLM trading strategies are laid out.<\/p>\n
Whether a trader is new or experienced, such resources are there to provide a better understanding of the XLM market and the use of leverage or cross-margin accounts.<\/p>\n
This article reflects the channel author\u2019s opinion and is not investment advice.<\/em><\/p>\n Every call by The Moon Show and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 The Moon Show: https:\/\/www.youtube.com\/watch?v=EfEUcidWndw<\/a><\/em><\/p>\n <\/p>\n Explore how you can practice high-leverage trading strategies like the XLM 20x trade risk-free with our crypto trading simulator. practice risk-free trading<\/a>.<\/p>\n <\/p>\n