JoE
Long

Alts are coming back, look for high R&R enter here.

BITFINEX:XMRUSD   Monero / U.S. Dollar
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Another altcoin chart here, monero has been performing well compared to other coins like ZEC, here we have a super strong support that would make it safe for us to enter long positions.
Also as momentum shifts I think we could see 10%~20% sudden jump easily.
Look for 61.8 fib and potentially full retracement on this one in terms of price target.

#position sizing is very critical, consider your risk tolerance and since the risk is over 10% you should only be trading 10% of your whole capital on this pair to limit your risk to near 1%.

*THIS ISN'T INVESTMENT ADVICE, YOU ARE RESPONSIBLE FOR YOUR OWN TRADE.
Trade active: immediately up 3.7% after posting it here.
Comment: We still need to break $105 to confirm trend change, so don't be too optimistic and keep your stop loss order open.
Trade active: I've underestimated almost everything LOL, crypto is killing it!!!!!!
Trade closed: target reached
great analysis !
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