Short
XMRUSDT UPDATE
XMR like the majority of the crypto market has now made a correction since the recent bearish impulse. Currently the market has retraced to the 0.50 fib and is forming a bullish wedge underneath a very strong confluence of supply, which indicates to us that this consolidation is a bullish induction pattern. We will be waiting for the market to sweep the highs trap bulls before we look for short entries
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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.