CoinAndCrypto

XMR: Breakout Alert vs. USD and BTC!

Long
BINANCE:XMRUSD   None
XMR, the top anonymity coin has sustained a breakout from its downward channel with USD and BTC.

We target a 50% fibonacci retracement from its end of April high. Use small leverage and capital. BTC is hovering along the edge zone of a downward channel, and a small movement in BTC could impact the price of XMR substantially.

Buy: 120-125

Target 1: 135 (11.25%/8%)
Target 2: 156 (30%/24.8%)
Target 3: 178 (48%/42.4%)
Target 4: 205 (70.8%/64%)

Stoploss: 105 (-12.5%/-16%)

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