Art_of_Trading

XMRUSD: MONERO Price Analysis

Long
BITFINEX:XMRUSD   Monero
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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