XMR/USDT 4h (Binance Futures) Descending channel near breakout
#Monero could take advantage of the current bullish momentum to make a new leg up.
Since 200MA and parabolic curve seem to act as support, it would be the best place to enter in my opinion.
Current Price= 122.11
Buy Entry= 121.07 - 117.87
Take Profit= 125.09 | 129.80 | 137.85
Stop Loss= 113.85
Risk/Reward= 1:1 | 1:1.84 | 1:3.27
Expected Profit= +9.40% | +17.30% | +30.76%
Possible Loss= -9.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 240h
Since 200MA and parabolic curve seem to act as support, it would be the best place to enter in my opinion.
Current Price= 122.11
Buy Entry= 121.07 - 117.87
Take Profit= 125.09 | 129.80 | 137.85
Stop Loss= 113.85
Risk/Reward= 1:1 | 1:1.84 | 1:3.27
Expected Profit= +9.40% | +17.30% | +30.76%
Possible Loss= -9.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 240h
Trade active
First entry filled and bounced.
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Related publications
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.