XMR Bull Div

Retracement to 0018/17 has been met and we're probably in the healthy zone to fill another 4 days - 1 week long that might bring back good TP. However, this is really speculative because there are huge bear signs in conjunction with other trends. Monero being monero, it's not an ultra ponzi like DASH so i'll be opening a position for long at 18, followed by another one at 177.

Stop Loss at 16, which is the ultimate support level we have around this range, anything going below that will probably be another oversell or dump.

Positions:
0.018
0.0177

Take note that there are several factors that may lead to this failed run, double top, sideways trend and my positions are small.

I'll have another idea just to show the other trend.

Note

Trade active

Recovery seen from a probable double bottom. Let's moon.

Position opened: 018000

Trade active

Position Opened: 0177

Note

Bear div might persist but after that, a bull div will return.

Order cancelled

Forgot to update that my positions closed at 0175 and my short that was opened at 25 helped cover the loss, not even a pinch was lost.

Note

Refer to the Bear div idea for a better reference now.

Trade closed: stop reached

Looks like a bear div might come. Position closed at 0.019285

Trade active

Had an order set at 0.0185. Apparently it was filled earlier so..

Trade closed: target reached

Position closed at 0.0202

Note

There might be a retest right now, let's wait and see.

Note

Probably see some dead action here, stay tuned in a new idea incoming

Note

Bear failed, Bull soon.

nixholas

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

nixholas

Also on: