It is either a market's bottom, or it is going to get much worse! A reasonable point of entry for moderate-risk position sizes.
This trade has been so long coming, I am glad I could finally catch an entry point with a proper target and risk/reward ratio. Long XMR/USD @172.00
Short sellers seem to be facing pressure, let's hope they get squeezed out.
I explained part of my rationale on the USD/BRL related forecast.
Based on the macro environment, and considering these key factors: 1. Bovespa leg-room to expand 2. Dollar index is going into a bearish macrocycle 3. Commodities bullish cycle 4. Political Tail-wind.
