$XMR/USDT 2D (#Bybit) Symmetrical triangle breakdown and retest Short

XMRUSDT Perpetual ContractBybit

Description

⋅ Dec 14, 2022 9:01 PM

Monero has pulled back to 100EMA resistance where a rejection would make sense.

⚡️⚡️ #XMR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.9%

Current Price:
149.70

Entry Zone:
149.65 - 157.95

Take-Profit Targets:
1) 133.15
2) 117.65
3) 102.10

Stop Targets:
1) 171.05

Published By: @Zblaba

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +40.28% | +70.51% | +100.85%
Possible Loss= -33.65%

Fib. Retracement= 0.441 | 0.618 | 0.883
Margin Leverage= 3x
Estimated Gain-time= 1-2 months

Tags: #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork

Website: getmonero.org

Contracts:
#Mainnet
#Secret

Trade active

⋅ Jan 6, 2023 6:51 PM

All entries filled

Monero got rejected on 100EMA at first then went back up trying to breakout.
RSI looks quite high again and could be topped so we'll stick to the plan!

#XMR #XMRUSDT #PoW #Mining #Privacy

Trade closed: stop reached

⋅ Jan 11, 2023 11:45 PM

Monero managed to regain 100EMA after all and pushed higher, we were not expecting that.

Comments

BlueDayTrader6676

⋅ Feb 22, 2023 11:10 PM

Rip

TradingOn

⋅ Feb 23, 2023 9:29 AM

@BlueDayTrader6676, this set-up was stopped out, but we managed to catch it higher later: