Procinctu
Long

Monero Short Term Long 5R

KRAKEN:XMRUSD   Monero / U.S. Dollar
Im taking Monero long here at 83.22.

Usually it's not prudent to try to catch a falling knife... but sellers are showing signs of short term exhaustion on Bitcoin and Monero. Also, there is a notable bullish divergence on RSI .

I'm doing a small risk trade, risking only $25

Plan for now...
Entry $83.22
Target 1 (40%) $85.68
Target 2 (40%) $88.45
Stop $82.22
Trade active: If this already started moving before you see the trade...readjust the R to see if it's not too late to enter.
Trade closed: stop reached: Stopped out on that nasty candle.

I may do the same type of trade...as the RSI still out in a higher low.

Comments

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