XMR finding support and starting its next leg upwards 🚀
XMR seems to have broken out of this ascending triangle quite early and we were hoping for another rejection of this resistance as it would have made setting a momentum long order very interesting.
Seeing as this did not happen and XMR broke up earlier that expected I was not willing to trade it but it is already back at the top of this ascending triangle which can be a great test of support.
If XMR does find support here I would look at laddering some longs around this area, although if XMR can't hold this support level I would be looking at the 230 dollar area as another support level to ladder some long orders.
Seeing as this did not happen and XMR broke up earlier that expected I was not willing to trade it but it is already back at the top of this ascending triangle which can be a great test of support.
If XMR does find support here I would look at laddering some longs around this area, although if XMR can't hold this support level I would be looking at the 230 dollar area as another support level to ladder some long orders.