Monero fairly quickly rebounded from the minimums at $ 150 – $ 160 and approaches the slow moving average at $ 280.
Here and now (the range of $ 260- $ 280) is the ideal place to open short positions.
The goal is to test the support levels at $ 160 again. Judging by the speed of the rebound, it is unlikely that it will be through immediately. Therefore, close short positions at $ 160 and then look at the strength of the bulls.
If the rebound is weak, the next target of $ 80 will open.
Another version of goal calculation is -50% of the top. In the previous call it worked perfectly: a fall from $ 300 to $ 150.
Thus, look where the top will be, divide the price in half, add $ 5- $ 10 for reliability, and place an order to buy and close a short position.
Cancellation of the idea is if receiving a buy signal from the indicator “Crossing moving averages” on the daily chart .
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