Long
XMR/BTC - 1D Chart (Long)
XMR/BTC is currently trading sideways between B.0120 and B.0139. B.012 has acted as strong resistance, rejecting the price on four separate rallies. Price is now trending down towards the lower level of the equilibrium and probabilities favor a break of that level. If that level is successfully breached my first target is set in the previous price cluster between B.017 and B.18 (35%). Updates will be provided as this trade develops.
Note
Going forward all my trade recommendations will be done against USD. This setup failed against BTC but is currently sitting at roughly 85% profit against the dollar.
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.
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.