SNY Bump and RunSNY has experience two bump and runs throughout the course of its listing. Will a third follow? If so will it be immediately or will further trend strengthening occur. The bump and runs also resulted in two triple tops.
Strengthening
Short XMRBTC Intraday Trade ( 240,60 )
On daily price is in Overall Buyers territory and price is ranging for a while around the blue area. We got a nice pullback to the Support Level 0.02. On trading time frame the recent buyers are taken away by the sellers with lots of power and the price shows that it can't make a HH as it leaves a probe or spike at the top. This is an AGGRESSIVE entry and proper Risk Management needs to be taken. As we are correlating with BTC, it has a good strength and we have added much more sound to the trade.
Entry: 0.019
TP: 0.017
Stop loss: 0.0214
Position Size: 1% Risk on your capital/1200
Risk/Reward: 1:2 This is a risky trade as RR is so weak.
If TP is hit then we will be at 6% profit.
Buy from Sellers and Sell from Buyers.
Dollar about to gainUSD is about to gain some strength if it can hold on to the demand zone and trend line and bounce north.
