Shorting Monero,
Just broke out and tested the 135 day channel. We have a triple top near .033 now looking for take profits at .02100930, .02012294 and .01603397.
**This is my own educated opinion for my own portfolio. Please do your own research before trading yourself.**
Just broke out and tested the 135 day channel. We have a triple top near .033 now looking for take profits at .02100930, .02012294 and .01603397.
**This is my own educated opinion for my own portfolio. Please do your own research before trading yourself.**
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A close up look at recent price action red line is my base price
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HAHA well didn't take long, stop loss hit at the top of the channel, small position so no worries. I'll wait for a better set up
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I'm going to reenter this position with a small position size so I am comfotable letting it play out. I probably set my stop a little too low on my first entry, or perhaps I just jumped the gun on the entry, I guess price action needed to test the channel one more time and fail again before it was ready to receed. Going back in with a small position and letting this one ride... Lending fees on Monero are relatively cheap so there shouldnt be a problem holding for a bit.
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First Target hit. Doing some research I will probably size this up a bit.
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Target Reached. Small position so a modest gain, but A great test overall.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***