Monero short
Target: $290, its inevitable but its been taking its time. Might finally break down today, bears appear to be piling in.
Stop: $323.45
Roughly 2.9 RR
Conservative trade, stop isn't too tight, don't have to micro-manage much. Added a 0.5% risk on it for myr Hyro account.
ETA for trade to play out...Possible today if get strong bearish volume around weekly close. Otherwise not sure, could take a day or 2-monero can be annoying at times but when its ready to drop it'll move fast.
Target: $290, its inevitable but its been taking its time. Might finally break down today, bears appear to be piling in.
Stop: $323.45
Roughly 2.9 RR
Conservative trade, stop isn't too tight, don't have to micro-manage much. Added a 0.5% risk on it for myr Hyro account.
ETA for trade to play out...Possible today if get strong bearish volume around weekly close. Otherwise not sure, could take a day or 2-monero can be annoying at times but when its ready to drop it'll move fast.
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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.