I have come across this particular coin and can't decide for sure if it is bullish as more analysis needs to be done here. For what is worth, it has completed the C-wave of a corrective trend (hopefully) so now it is on the motive wave completed 1-2-3-4 and wave-4 has respected the supply zone of wave-2 and bounced back up. Well, wave-5 is on the run and could be...
Monero is showing strenght during the last weeks, compared to the general crypto market.
So Macro looks strong for XMR even during these times of Crisis.
As for the short-term price, we could easily reach 300$ , before consolidating sideways for a period.
The price-target for the next 4-6 months should be around 500$ , since we clearly broke out of the ...
For this trade I really suggest you to minimize risk as much as you can if you really want to take this.
On the chart we can not see clearly the neckline by the technicals so i am taking profit every little resistance zone.
To get the 2:1 risk reward ratio as a minimum return on investment it is recommended to take it by small leverage in isolated.
By the...
XMRUSDT after made a top had been in a downtrend
The price is currently trading at falling resistance. Which is also a breakout zone too.
It is trading at an important zone. If the price break above and sustain above it, we will enter long. Failure to do so will call bears in the party.
Trade your levels accordingly.
I believe that Monero will see a strong appreciation due to its focus on privacy.
Lately, the governments of certain countries are hunting the basic freedoms of their citizens...
After breaking through a wedge and a resistance line, the price did not fall below the 0.214 retracement:
Another point to note is the dominance over other crypto assets.
And on the...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
It depends.
Highly short term, there is a strong possibility of capitulation in the markets. This can not be neglected and means we should be prudent entering a strong position. One of the best strategies that reduces emotional decision and its potential downfall is to Dollar-Cost Averaging (DCA). My thesis is that now is a perfect time for investor to DCA on...
I'm remaining in this nearly month-long trade as funding rates have been forgiving.
Refusing to TP on anything short of a 50% retrace as I remain bearish based upon larger wave structures.
NFA
i will enter an order for a short position on XMR at 158.5$ (current price 157.30$)
STOP LOS S if 4h candle closes above 160$ which is a 0.8% loss
the risk of 0.8% is minimal,so i will use 3x.max loss 2.4%
TAKE PROFIT will be 151.5$ which is 4.4% and 13.2% with leverage.
i believe that in the next couple of days some manipulation at the price of ptc will...
