SIMPLE Idea on XMR
XMR is on MACRO down trend. You can take advantage of the short pull back to the upside, as the price is more likely to continue with the downtrend. This is backed by double top price rejection and RSI divergence on the daily Timeframe. Checking on other charts like Binance, This area is also confluence with 200 EMA with acts as strong resistance. Price has challenged this and failed to break through.
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.