XMR gave a dream rally in recent days, but as we always say, what goes up, always comes down (BTC might be an exception :P)
Once again, banking on the mixture of Moving Averages and Fib, we are expecting XMR to dip towards 220-225 level against USD. The tricky part is to catch the right buy level as moving average, as name suggests, is MOVING.
I am placing buy order at 225 USD with a stoploss just below 61.8% Fib level (216). Fall below this will open doors for 190 or even 165. Targets are the Fib Levels, that is 252 and 299.
Happy Trading :)
Once again, banking on the mixture of Moving Averages and Fib, we are expecting XMR to dip towards 220-225 level against USD. The tricky part is to catch the right buy level as moving average, as name suggests, is MOVING.
I am placing buy order at 225 USD with a stoploss just below 61.8% Fib level (216). Fall below this will open doors for 190 or even 165. Targets are the Fib Levels, that is 252 and 299.
Happy Trading :)
Trade active:
Got my orders filled at 225 and sold most of it 249-250. Now waiting for another leg up with Stoploss at 236(9MA)
Trade active:
My stoploss for he remaining quantity is now 252
Trade closed: target reached:
We have hit the bulls eye on this one with near perfect bottom and achieved both targets in no time!