XMR in the dangerzone, neutral day
Updated
A little accountability from me, as well as a brief run-down of Monero's gradual rise.
Also quickly discussing:
-thoughts on how I place my sells
-thoughts on how I look at the aftermath of a large pump,
----and why Monero has created a nice asymmetric, rising triangle; as opposed to how it could have gone if Monero had continued to pump hard. If it did, we would have had a descending triangle much like ZEC is suffering from in the historic sense right now.
XMR is within a triangle now that could very well break up or down within the next two or so days.
I am still long on all privacy tokens in general; in a historic sense. However, when XMR did not break past it's resistance trend yesterday, it has now gotten itself pinned down under fire from both sides.
Be careful and remember to stay conservative on your stops/sells. I highly recommend staying below a daily or weekly pivot by small margin, as not to get stuck with a bag.
--Especially after all us savvy day traders leave right before the two or so drunk XMR 🐳's, drive a proverbial Hummer through the back door of the party, and everyone scatters. 💥
Also quickly discussing:
-thoughts on how I place my sells
-thoughts on how I look at the aftermath of a large pump,
----and why Monero has created a nice asymmetric, rising triangle; as opposed to how it could have gone if Monero had continued to pump hard. If it did, we would have had a descending triangle much like ZEC is suffering from in the historic sense right now.
XMR is within a triangle now that could very well break up or down within the next two or so days.
I am still long on all privacy tokens in general; in a historic sense. However, when XMR did not break past it's resistance trend yesterday, it has now gotten itself pinned down under fire from both sides.
Be careful and remember to stay conservative on your stops/sells. I highly recommend staying below a daily or weekly pivot by small margin, as not to get stuck with a bag.
--Especially after all us savvy day traders leave right before the two or so drunk XMR 🐳's, drive a proverbial Hummer through the back door of the party, and everyone scatters. 💥
Trade active
HUGE cross about to take place for XMR in the strength index. This could be it, however I'm thinking we may fall all the way down to the bottom of the channel before our big push!
Trade closed: target reached
Target hit at 207.44 Quick update to XMR. I believe we will continue on this upward channel for a bit.
More to come later..
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