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Spikecaptial
Nov 20, 2022 8:29 PM

XMR Showing Significant Weakness Short

XMRUSDT Perpetual ContractBybit

Description

BYBIT:XMRUSDT.P

XMR has shown significant weakness in the last week.
- Breakdown of ASCENDING WEDGE
- Could not hold .618 Fib level
- TSI (True Strength Index) crossing indicating continuation of the downtrend
- CCI is in the oversold area however we believe the trend will continue

Stop Loss: above $134.35
Take Profit 1: $129.20
Take Profit 2: 127.45

Comment

Reached TP 1 !

Comment

Trimmed a little bit, still expecting tp2

Comment

Take profit 2 Hit, letting the rest run, moved stop loss to entry

Comment

Closed position last night! BIG BAGGER! congrats if you followed another day another dollaaa baybeeee
Comments
SwallowPremium
We see the same outcome for this coin great one!!!
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade
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