Either way i'm extremely bullish on XMR
Monero has always been a great asset to hide money from anybody on earth and i think people will keep using it for this wonderful reason.
So this trade is very simple, we're talking about a 230% increase (risk/reward ratio completely insane)
Entry should be around 0.027-8
First target around 0.05
Second target 0.09
Stop loss is at 0.026, because lower than that could mean a retest of 0.019
We are consolidating high with low volume so when the buying volume starts increasing the trade will be confirmed.
Monero has always been a great asset to hide money from anybody on earth and i think people will keep using it for this wonderful reason.
So this trade is very simple, we're talking about a 230% increase (risk/reward ratio completely insane)
Entry should be around 0.027-8
First target around 0.05
Second target 0.09
Stop loss is at 0.026, because lower than that could mean a retest of 0.019
We are consolidating high with low volume so when the buying volume starts increasing the trade will be confirmed.
Note
Still a buy with good stop loss at this level, approaching decision point s3.amazonaws.com/tradingview/snapshots/4/475auauy.pngTrade active
We have lift offTrade closed: stop reached
Stop has been broken and bullish sentiment has been loss for now, i think bullish sentiment will come back as we approach the monero hard fork that will give free coins s3.amazonaws.com/tradingview/snapshots/u/up09UNpy.png
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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.