Right now Monero is near a point where there is a lot of resistance, while its support lower is weaker after being touched so many times. At the same time we have a clean accumulation zone.
For now and until we break and close above 0.0143, being short is the most attractive option from a R/R perspective. Once we break and close above, being long makes a lot of sense. Monero has pretty good fundamentals (some of the best I'd say among altcoins).
If you don't want to short straight away, wait for a confirmation candle as right now it is on a decent uptrend. My opinion is that we could see a wyckoff case where the price sweeps the lows and then breaks a lot higher
For now and until we break and close above 0.0143, being short is the most attractive option from a R/R perspective. Once we break and close above, being long makes a lot of sense. Monero has pretty good fundamentals (some of the best I'd say among altcoins).
If you don't want to short straight away, wait for a confirmation candle as right now it is on a decent uptrend. My opinion is that we could see a wyckoff case where the price sweeps the lows and then breaks a lot higher
הערה
Monero didn't dip below support, but time wise and TA wise it is a good buy. Breaking the trendline and on time. Looks good
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.