Long
XMR - LONG
XMR is looking bullish, since breaking below the ascending trendline and hunting the stop orders below the support, yesterdays daily candle was a strong bullish engulfing candle which has closed back above resistance. What we can see on the 4hr since closing back above market has come back down to form a new higher low and retested the zone as once again new support forming this nice inverted head and shoulders at the confluence of this ascending trendline.... im now expecting a push towards the daily horizontal resistance and eventually a breakout above.
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