XMR/USDT 90m (Binance Futures) Rising wedge forming
#Monero went up after breaking out of the bullish flag and made a nice run, now seems a good time for a small retracement.
I think it could go down to wedge support or even lower, back to parallel channel if breaks it.
If does so fast enough, I believe we'd rather look for a bullish continuation afterwards!
Current Price= 135.44
Buy Entry= 135.16 - 137.46
Take Profit= 133.23 | 129.77 | 127.04
Stop Loss= 139.39
Risk/Reward= 1:1 | 1:2.12 | 1:3.01
Expected Profit= +9.04% | +19.20% | +27.20%
Possible Loss= -9.04%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 4x
Estimated Gain-time= 180h
I think it could go down to wedge support or even lower, back to parallel channel if breaks it.
If does so fast enough, I believe we'd rather look for a bullish continuation afterwards!
Current Price= 135.44
Buy Entry= 135.16 - 137.46
Take Profit= 133.23 | 129.77 | 127.04
Stop Loss= 139.39
Risk/Reward= 1:1 | 1:2.12 | 1:3.01
Expected Profit= +9.04% | +19.20% | +27.20%
Possible Loss= -9.04%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 4x
Estimated Gain-time= 180h
Trade closed: target reached:
I'm glad I started the week on the right foot!
Better trade carefully with ALTs those days, and don't overtrade.
Better trade carefully with ALTs those days, and don't overtrade.
Trade closed: target reached:
#Monero made it to third target at last, unfortunately PC bot closed the position at entry as I said yesterday.
But if you were manually holding that short, very nice profit for you!
But if you were manually holding that short, very nice profit for you!
PC bot would close remaining position if goes back up to lower entry (135.26$)
I believe it's too early to start building a long since #Bitcoin looks quite unstable, better to wait patiently for reversal sign.
I plan to hold short down to last target first, at least.