XMRUSD: MONERO Price Analysis

BITFINEX:XMRUSD   Monero / U.S. Dollar
As many other cryptocurrencies, Monero price was bearish last few days. However, the momentum stopped last few hours and the price formed a big bullish bar. It means, sellers locked their profits and become buyers.

If the Monero price continues dropping, then next structure low is at 262.2 which act as support level . This is where big buying orders are most likely are placed, which will raise the price up.

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Art_of_Trading Prometheus777
@Prometheus777, Nice detailed technical analysis.
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