XMR SHORT - Time to turn the corner!
Updated
Monero has recently seen a few tumultuous weeks of trading and looks to finally be on the back side of this event. Looks to be consolidating some and trying to find a floor. All indicators are lining up towards a nice short position in the 4h chart.
The price has resisted crossing the downward trend since the ATH a few days ago, and finally rolled over. There has been strong resistance at fib levels all the way down to here at 235, 220, 200, and 180.
I think that it will stabilize around 150, where it had a consolidation period on the way up. Ultimate candle stick lows should be somewhere around 120-130, maybe even lower. Great chance to catch the bottom and flip for a long on the dead cat bounce.
The market has not looked this decided in a while, I am excited to see how things turn out!
Currently holding a short position with entry at 178. Will keep this updated as the market moves.
The price has resisted crossing the downward trend since the ATH a few days ago, and finally rolled over. There has been strong resistance at fib levels all the way down to here at 235, 220, 200, and 180.
I think that it will stabilize around 150, where it had a consolidation period on the way up. Ultimate candle stick lows should be somewhere around 120-130, maybe even lower. Great chance to catch the bottom and flip for a long on the dead cat bounce.
The market has not looked this decided in a while, I am excited to see how things turn out!
Currently holding a short position with entry at 178. Will keep this updated as the market moves.
Trade closed manually
Closed short at 164 (down from 178), nice 8.5% profit gain, waiting for slight rebound to ~175 then looking to re enter in another SHORT position for the next slide down. Should be chutes and ladders XMR version here soon.Trade active
Continuing to add to my short position at the highs around 170-172. Still waiting for the major break to occur. Stay frosty my friends. We shall overcome!
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