XMR USD Potential Long Opportunity, based upon MAs and S/R
Updated
Two potential paths that Monero / USD 1D chart takes. Expecting at bounce at either the MA Level, or the Support Level that is close to it. Alerts set to buy, with a tight Stop Loss. High R trade, as well as a good potential % trade.
Trade active
Update: Already almost 6% in profit. Stop Loss moved to 53.03 to guarantee profit. Do not want the S/L to be any tighter at this stage as lots of potential upside. One could also take profit here if they desired and re-enter.Comment
Forgot to mention, zooming into the 4H, the play looks good.Comment
S/L moved to 54.21, appears to be the level of support that price could break down to.Comment
Stop Loss hit, profit locked in at 54.21 level.
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