$XMR/USDT 5h (#BinanceFutures) Falling wedge breakout and retest
Monero is dipping to 200MA support again, let's give it another try with lower leverage!
Current Price= 227.41
Buy Entry= 227.44 - 221.22
Take Profit= 244.30 | 261.15 | 278.79
Stop Loss= 208.29
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.4
Expected Profit= +17.80% | +32.82% | +48.56%
Possible Loss= -14.30%
Fib. Retracement= 0.382 | 0.702 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Tags: #XMR #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork
Website: getmonero.org
Contracts:
#Mainnet
#Secret secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88
Current Price= 227.41
Buy Entry= 227.44 - 221.22
Take Profit= 244.30 | 261.15 | 278.79
Stop Loss= 208.29
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.4
Expected Profit= +17.80% | +32.82% | +48.56%
Possible Loss= -14.30%
Fib. Retracement= 0.382 | 0.702 | 1
Margin Leverage= 2x
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 retested the wedge and bounced back nicely this time, regaining 200MA!
Trade closed: stop reached
SL hit with -14.30% (2x) and -1RMonero lost support again and continued with the downtrend after all...
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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.