$XMR - Price entered Bullish Breaker - Will Act as support *SMT*
מעודכן
*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
So we have a long term Low High Lower-Lower formation in the upward movement of the price action of the chart. The high candle is the the Breaker. This is part of Smart money theory that's hard to explain without giving a video. But the price at this point should not get lower than the last up candle between 170 and 175. My entrance was 175.50. Stop loss is 169 and aiming bullish for the inverse ofr the 62% around 194.50. Then it might return lower, I'm not sure. But I think this Breaker Will hold and cause a short bullish run at least.
Closer up of the the chart
After it completes the run, The I have a feeling it will have another decent fall into the imbalance belowe the currrent support as seen pictured here:
Lastly, if the price stays near where it is, it is in confluence with the exit of the trade as there is a bearish order block right at the price near 194-195
As for now. I'll be on top of this trade and keep it updated as much as I can. I'm only trading 3 cryptos right now, BTC,ETH, and XMR. We'll see if I'm right this time.
XMRUSD
XMRUSDTעסקה פעילה
Also if you use the Fib from the smart money te4achings, you'll see that that the retrace to the discount is now happening around 172. Hpwever that's also why I;m putting a fairly short stop loss on this. Because if it breaks out of the bottom of that breaker, most likely we'll see it go down to the Fair Value Gap created between 162 and 159. הערה
It is now to the bottom of the break but a good thing is that it is atg the top of a Bullish Order Block. The rule is as long as it stays above the median then weq should have a bullish reaction. If it closes below that... then bearish and I'll be loooking to enter again on the lower fair value gapעסקה פעילה
Odd in the original it sjhows I'm out from Stop Loss, But I'm not. I said if it CLOSED BELOW that level, and it never did. I did realize I was charting on another brokers Chart when I realized they were both a little different. Seeing that Binance would have the larger user base and more volume for monero they would alaso be nmore accurate. However, I'm Personally trading on CoinEx and KuCoin Futures.(I grew My Kucoin Account fast enough to swap over 100 USDT to grow another account, CoinEx has the better starting [position as I waited longer to enter with the lower account than KuCoin, the same Leverage (8x), More pips on Kucoin so it may grow faster, CoinEx up 4% KuCoin down 1%. We've been around the same position so I've been able to add small positions each time it tries to get low to bring down the Entry Price Primarily on the Kucoin Position but Also the CoinEx position if I can, It's experimenting) Close up on the 15 min chart We can see there is an imbalance above which is where it is headed to first, but smart money needs to keep playing the push down issue to get the bait on the shorters.הערה
Taking a small profit, 25%. It 156 min chart shows it hit bearish OB, Moved down to fill an imbalance and then hit another 15 min OBעסקה פעילה
I'm adding to my position in the green box between thje two golden dotted lines 183,4 - 185.2הערה
got in at 184.6 mahy add more if it continues lowerהערה
Just realized there was a breaker in that position add and it hitb the median, may not come back for a while. New Week just startedהערה
It did come back and added another position at 183.1. With the Golden Ratio being at a swing high, I know that's what proce is aim ing for, So I'm Glad it got lower because when it hits the ggolden ratio at 192.9-193. I'm taking off 80% of my position, moving the stop loss to 187. It's already moved to 175. עסקה סגורה: היעד הושג
Told ya so
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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