Jorgenberries
Short

XMR SHORT - Time to turn the corner!

POLONIEX:XMRBTC   Monero / Bitcoin
2 months ago
Monero has recently seen a few tumultuous weeks of trading and looks to finally be on the back side of this event. Looks to be consolidating some and trying to find a floor. All indicators are lining up towards a nice short position in the 4h chart.

The price has resisted crossing the downward trend since the ATH             a few days ago, and finally rolled over. There has been strong resistance at fib levels all the way down to here at 235, 220, 200, and 180.

I think that it will stabilize around 150, where it had a consolidation period on the way up. Ultimate candle stick lows should be somewhere around 120-130, maybe even lower. Great chance to catch the bottom and flip for a long on the dead cat bounce.

The market has not looked this decided in a while, I am excited to see how things turn out!

Currently holding a short position with entry at 178. Will keep this updated as the market moves.
2 months ago
Trade closed manually: Closed short at 164 (down from 178), nice 8.5% profit gain, waiting for slight rebound to ~175 then looking to re enter in another SHORT position for the next slide down. Should be chutes and ladders XMR version here soon.
2 months ago
Trade active: Continuing to add to my short position at the highs around 170-172.

Still waiting for the major break to occur. Stay frosty my friends. We shall overcome!
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