TradingView
Peet_Serfontein
Feb 26, 2024 5:13 AM

XMRUSD: bounce-back price action? Long

Monero / U. S. DollarKraken

Description

A price action above 128.00 supports a bullish trend direction.
Increase long exposure for a break above 139.00 (its 50% Fibonacci retracement level).
The target price is set at 152.00 (just above its 61.8% retracement, which is also close to its 200-day simple moving average).
The stop-loss is set at 117.00 (is 23.6% Fibonacci retracement level).
Remains a risky trade.
More