I was going through the charts this morning and saw that Monero had broken lower against a recent upward trend. There's strong support for Monero and it regularly has been visiting the 0.03 BTC mark.
The break below the upward trend presents a possible trade opportunity. Splitting the buy order between 0.026 & 0.024 will enable me to mitigate the risk of a further drop. Although, there's strong support at each of these levels, where it stops - nobody knows.
My trade:
BUY: 0.026, 0.024
TP: 0.029
SL: 0.023
Steemit post explaining more here: steemit.com/cryptocurrency/@vaderiffic/monero-xmr-technical-analysis-and-trade-idea
The break below the upward trend presents a possible trade opportunity. Splitting the buy order between 0.026 & 0.024 will enable me to mitigate the risk of a further drop. Although, there's strong support at each of these levels, where it stops - nobody knows.
My trade:
BUY: 0.026, 0.024
TP: 0.029
SL: 0.023
Steemit post explaining more here: steemit.com/cryptocurrency/@vaderiffic/monero-xmr-technical-analysis-and-trade-idea
Trade active
First buy target reached.Trade closed: target reached
Another winner! Just closed this quick trade.
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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.
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.