XMR gave a dream rally in recent days, but as we always say, what goes up, always comes down (BTC might be an exception :P)
Once again, banking on the mixture of Moving Averages and Fib, we are expecting XMR to dip towards 220-225 level against USD. The tricky part is to catch the right buy level as moving average, as name suggests, is MOVING.
I am placing buy order at 225 USD with a stoploss just below 61.8% Fib level (216). Fall below this will open doors for 190 or even 165. Targets are the Fib Levels, that is 252 and 299.
Happy Trading :)
Once again, banking on the mixture of Moving Averages and Fib, we are expecting XMR to dip towards 220-225 level against USD. The tricky part is to catch the right buy level as moving average, as name suggests, is MOVING.
I am placing buy order at 225 USD with a stoploss just below 61.8% Fib level (216). Fall below this will open doors for 190 or even 165. Targets are the Fib Levels, that is 252 and 299.
Happy Trading :)
Trade active
Got my orders filled at 225 and sold most of it 249-250. Now waiting for another leg up with Stoploss at 236(9MA)Trade active
My stoploss for he remaining quantity is now 252Trade closed: target reached
We have hit the bulls eye on this one with near perfect bottom and achieved both targets in no time!
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.
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.