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XMRUSDT Perpetual Contract
Short

XMR Showing Significant Weakness

By Spikecaptial
Updated
XMRUSDT.P

XMR has shown significant weakness in the last week.
- Breakdown of ASCENDING WEDGE
- Could not hold .618 Fib level
- TSI (True Strength Index) crossing indicating continuation of the downtrend
- CCI is in the oversold area however we believe the trend will continue

Stop Loss: above $134.35
Take Profit 1: $129.20
Take Profit 2: 127.45
Note
Reached TP 1 !
Note
Trimmed a little bit, still expecting tp2
Note
Take profit 2 Hit, letting the rest run, moved stop loss to entry
Note
Closed position last night! BIG BAGGER! congrats if you followed another day another dollaaa baybeeee
Chart PatternsCRPTOCURRENCYderivativesTechnical IndicatorsshortshortideashortsetupTrend Analysis
Spikecaptial
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