$XMR/USDT 3h (#BinanceFutures) Falling wedge breakout and retest
Monero is pulling back to 200MA support and looks good for a bounce after and resume bullish.
Current Price= 243.55
Buy Entry= 244.15 - 238.15
Take Profit= 261.12 | 276.36 | 295.61
Stop Loss= 225.11
Risk/Reward= 1:1.25 | 1:2.2 | 1:3.4
Expected Profit= +24.84% | +43.80% | +67.74%
Possible Loss= -19.95%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Tags: #XMR #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork
Website: getmonero.org
Contracts:
#Mainnet
#Secret secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88
Current Price= 243.55
Buy Entry= 244.15 - 238.15
Take Profit= 261.12 | 276.36 | 295.61
Stop Loss= 225.11
Risk/Reward= 1:1.25 | 1:2.2 | 1:3.4
Expected Profit= +24.84% | +43.80% | +67.74%
Possible Loss= -19.95%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Tags: #XMR #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork
Website: getmonero.org
Contracts:
#Mainnet
#Secret secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88
Trade active
All entries filledMonero precisely retested the wedge and seems to be bouncing back as planned so far!
Trade closed: stop reached
SL hit with -19.95% (3x) and -1RMonero lost local support after all and wicked down, leading to a stop hunt.
Note
New LONG idea:
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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.