Monero going down, buying opportunity in coming 24 hours.
I was going through the charts this morning and saw that Monero had broken lower against a recent upward trend. There's strong support for Monero and it regularly has been visiting the 0.03 BTC mark.
The break below the upward trend presents a possible trade opportunity. Splitting the buy order between 0.026 & 0.024 will enable me to mitigate the risk of a further drop. Although, there's strong support at each of these levels, where it stops - nobody knows.
My trade:
BUY: 0.026, 0.024
TP: 0.029
SL: 0.023
Steemit post explaining more here: steemit.com/cryptocu...lysis-and-trade-idea
The break below the upward trend presents a possible trade opportunity. Splitting the buy order between 0.026 & 0.024 will enable me to mitigate the risk of a further drop. Although, there's strong support at each of these levels, where it stops - nobody knows.
My trade:
BUY: 0.026, 0.024
TP: 0.029
SL: 0.023
Steemit post explaining more here: steemit.com/cryptocu...lysis-and-trade-idea
Trade active:
First buy target reached.
Trade closed: target reached:
Another winner! Just closed this quick trade.