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Jan 3, 2021 2:47 AM

✳️Monero/USDT Analysis (3/1) #XMR $XMR Long

Description

XMR is heading to 160$ zone after a strong dump from 170$ to 130$. What we need to be aware of is that yesterday's 1D candle volume is stronger than previous strong dump and closes above the MA50, which is a sign of strong buying pressure at 130$ zone.
We need to watch 160$ zone because I think it will breakout and move up to 220$ zone
However, if the XMR loses this 125$ area, it will fall back to 110$ to retest the MA200, where there will be some recovery, but I think the situation will be pretty bad for the future.

📅NEWS
15-1 : Bittrex Global Delisting

📈BUY
-Buy close to : 125-130$. SL if B
-Buy : 160-165$ if A. SL if B

📉SELL
-Sell: 220-230$. SL if A

♻️BACK-UP
-Sell: 125-130$ if B, SL if A
-Buy : 105-110$. SL if B

❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Comments
ProjectSyndicate
good deal, I like that, excellent setup.
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