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Helical_Trades
25 apr 2022 07:06

XMR/USDT : Breaking below the channel !Β Kort

Beskrivning

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BINANCE:XMRUSDT
Hello everyone πŸ˜ƒ
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

XMR has formed an ascending channel and now it's breaking below the formed channel.
Based on the current volatility of the market; We might have more false break-out or rejections!
So in that term, I just marked an S/R line on $245, Which is going to give us the Short trigger after a close below and we can have our Short on the proper retest of mentioned line.

I would adjust a secondary for those who trying to have passive trades :
Trading setup :
πŸ”» Entry Pointes : $250 - $255 - $260
πŸ“Targets : $241 - $233 - $217 - $206 - $190
πŸŸ₯ Overall stop-loss : $285

Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
@Helical_Trades
Kommentarer
majorlee
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where do u see XMR highest high this year, can it hit 1K?
Helical_Trades
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@majorlee, It depends on the market's majority...
As BTC is trading below 52K; It won't go anywhere for now!
UnknownUnicorn15614419
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Interesting idea as usual! Agree.
CobraVanguard
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Great job as always
ProjectSyndicate
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unfortunately yes, looks like bulls are losing control, if this S/R cracks it's bad news for the bulls.
Vlcounek
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So far it checks. I expect a retest of 245 or even 255 (Fib) on the way down
Mer