Short
XMRBTC - Longs are trapped.
Updated
Breaking down from the ascending triangle, the longs who believed on the break of the ATH are essentially trapped.
All bounce will be taken as a sell opportunity by the bulls to cover their long positions.
Bearish in the short term.
All bounce will be taken as a sell opportunity by the bulls to cover their long positions.
Bearish in the short term.
Trade closed: target reached
Target reached. End trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.