$XMR short set-up on Poloniex

Monero / Bitcoin POLONIEX:XMRBTC

Heres my case for a short on $XMR/$BTC Monero a few moments ago. Price testing major resistance, bear trend on a higher time frame, bearish divergence apparent on oscillators. I give this a 55/45 favoring a move to the downside. I could be wrong hence risk management in place with a stop loss above resistance. Targets at support levels and 2:1 r/r ratio. Lets see how this plays out. Not financial advice, trading crypto carries a high degree of risk.

By admin