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Artem_Dishel
Jul 22, 2022 11:32 AM

XMR bullish wedge! Long

Description

Reasons to take long:
⭐️ BTC is bullish
⭐️ Formed local level
⭐️ Close to the end of formation
⭐️ Slowly squeezing to the level
⭐️ 4th touch
⭐️ Over VWAP


Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Comments
DeGRAM
Thank you for sharing your analysis.
UnknownUnicorn15614419
Nice idea
Solldy
Great technical analysis! Thanks to you I noted important arguments, now it is clearer what targets the asset can achieve.
bilalhassn786
I guess it will bearish coz daily macd already on high and rsi also
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