Hi dear friends, hope you are well, and welcome to the new update on Monero coin.
On the long-term 2-month chart, the price action of the XMR has completed the final leg of bullish BAT and entered the potential reversal zone. At this time the priceline is spiking beyond the PRZ level. Therefore I would suggest to wait for the priceline to move back in the potential reversal zone, preferably we can wait for the monthly candlestick to close in the PRZ level then place the buying orders. There is also a pivot 1st support below the potential reversal zone.
Possible profit and loss ratio:
This trade has a profit possibility of 550% and the loss possibility is only 46%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the long-term 2-month chart, the price action of the XMR has completed the final leg of bullish BAT and entered the potential reversal zone. At this time the priceline is spiking beyond the PRZ level. Therefore I would suggest to wait for the priceline to move back in the potential reversal zone, preferably we can wait for the monthly candlestick to close in the PRZ level then place the buying orders. There is also a pivot 1st support below the potential reversal zone.
Possible profit and loss ratio:
This trade has a profit possibility of 550% and the loss possibility is only 46%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.