A Good Trading Opportunity to Buy in Monero …

A Good Trading Opportunity to Buy in Monero …

XMR / USD KRAKEN:XMRUSD


Technical analysis:
. MONERO/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (196 to 153). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

. Beginning of entry zone (196)
. Ending of entry zone (153)

Entry signal:
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “Bullish Engulfing”, “Hammer” or “Valley”, in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about “Entry signal” and the special version of our “Price Action” strategy FOLLOW our lessons:

Take Profits:
TP1= @ 230
TP2= @ 258
TP3= @ 298
TP4= @ 329
TP5= @ 378
TP6= @ 469
TP7= Free