XMR - A Range But Strong πŸ’ͺ

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“Š XMR has been stuck inside a wide range between 130.0 and 188.0.

Currently, #XMR is hovering around the upper bound of the range.

πŸ“‰ For the bulls to remain in control and take over from a long-term perspective, we need a break above the 188.0 resistance. In this case, we can expect further bullish movement toward the next resistance at 250.0.

πŸ“ˆ Meanwhile, the bears can still take control and reject the resistance. Confirmation will come if a bearish reversal setup is activated on the H4 chart.

Which scenario do you think is more likely to happen and why?

πŸ“š Always follow your #trading plan regarding entry, #risk management, and trade #management.

Good luck!

All #Strategies Are Good; If Managed Properly!

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