Just now went long on monero.
Stop: $321.58
Tp: $339
3RR trade.
Surprisingly the pa on monero right now is slow. I think structurally its at a good low point. It did just break the 1hr HL structure but i think its fakeout. Besides the market will likely correct to make a LH still even if not a fakeout so odds are it will likely push a bit.
Based on the overall market momentum as well with everything pumping I think monero can at least push to $339. It spiked up to that point last week and I think the bulls more than likely will attempt to push it again.
Other than that it aligns with my DTT strategy
Stop: $321.58
Tp: $339
3RR trade.
Surprisingly the pa on monero right now is slow. I think structurally its at a good low point. It did just break the 1hr HL structure but i think its fakeout. Besides the market will likely correct to make a LH still even if not a fakeout so odds are it will likely push a bit.
Based on the overall market momentum as well with everything pumping I think monero can at least push to $339. It spiked up to that point last week and I think the bulls more than likely will attempt to push it again.
Other than that it aligns with my DTT strategy
Note
I cut xmr positioned and reentered with lower stop at $320
Note
Increased my size a little bit on #monero and adjusted tp to $340. Roughly 3RRNote
Tp adjustment for monero long. Might get $140 but $339 is more likely to get hit without the need to monitor.
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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.