Keep it simple!
For XMR I have allocated three three green boxes where I would look to long XMR. These levels are based on the previous highs to the retracement levels. As it is hard to time the exact bottom for XMR I would ladder in at the three zones 1,2 and 3. For zone 1 and 2 I Would allocate 20% on my trade for each, and then have the remaining 60% of the investment at the final zone 3. My reason for this is because there is a good chance both the first and second green box do not hold as strong support and we see XMR hit the final green box before going back up. When you ladder you orders in this way you are averaging down the price in which you pay for XMR. I also see the final green box as very good support from previous price action, and that is the reason i would have most of my longs in this range. With a tight stop below the box.
]The orange boxes are where I would take profit as they are ranges of resistance. I normally take 10-20% out of my trade in these areas.
Short term I will be bearish until I see these green boxes hit and held as support.
For XMR I have allocated three three green boxes where I would look to long XMR. These levels are based on the previous highs to the retracement levels. As it is hard to time the exact bottom for XMR I would ladder in at the three zones 1,2 and 3. For zone 1 and 2 I Would allocate 20% on my trade for each, and then have the remaining 60% of the investment at the final zone 3. My reason for this is because there is a good chance both the first and second green box do not hold as strong support and we see XMR hit the final green box before going back up. When you ladder you orders in this way you are averaging down the price in which you pay for XMR. I also see the final green box as very good support from previous price action, and that is the reason i would have most of my longs in this range. With a tight stop below the box.
]The orange boxes are where I would take profit as they are ranges of resistance. I normally take 10-20% out of my trade in these areas.
Short term I will be bearish until I see these green boxes hit and held as support.