Short

XMRBTC - Longs are trapped.

By dongwon0308
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.
Trade closed: target reached
Target reached. End trade.
Beyond Technical AnalysisChart PatternsmoneroshortsetupshorttermselTrend AnalysisxmrXMRBTC
dongwon0308

Disclaimer