Description
⋅ As many other altcoins, Monero follows BTC movement.
If we see a upward reversal for BTCUSD, the following strategy might workout. Place tight stop-loss order after going long.
Comment
⋅ Wait for bar to close above resistance level for extra care and go long
Trade active
⋅ Trade closed manually
⋅ It seems like XMR found resistance at 50.3. We could see support at 47.3 to consolidate last resistance level
Comment
⋅ Current level according to 36.4 resistance level. But double top was formed, may head slightly north to further decline later