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.
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immediately up 3.7% after posting it here.
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We still need to break $105 to confirm trend change, so don't be too optimistic and keep your stop loss order open.
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I've underestimated almost everything LOL, crypto is killing it!!!!!!