bizmark

XMR going strong💪

Long
BINANCE:XMRUSDT   Monero / TetherUS
Monero broke up this triangle📐 and I think there is chance for run to 372 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Notice how price action respects the Fibbonaci extension applied to initial impulse. 0.618 already broken, 1 just tested. Next hurdle will be 1.272 and finally the 1.618 which corresponds with the triangle target. Easy breezy, beautiful.
  • ENTRY: local high @ 282
  • STOPLOSS (SL): local low @ 248.9
  • TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 372
  • REWARD RISK RATIO ( RRR ): 4.3
  • INVALIDATION: when SL level hit

Check my other stuff in related ideas.

Please like👍, comment🗣️, follow me✒️, enjoy📺!

⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active: Order filled ✔️
Trade closed: stop reached: Stoploss hit 🛑

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.