Im taking Monero long here at 83.22.
Usually it's not prudent to try to catch a falling knife... but sellers are showing signs of short term exhaustion on Bitcoin and Monero. Also, there is a notable bullish divergence on RSI.
I'm doing a small risk trade, risking only $25
Plan for now...
Entry $83.22
Target 1 (40%) $85.68
Target 2 (40%) $88.45
Stop $82.22
Usually it's not prudent to try to catch a falling knife... but sellers are showing signs of short term exhaustion on Bitcoin and Monero. Also, there is a notable bullish divergence on RSI.
I'm doing a small risk trade, risking only $25
Plan for now...
Entry $83.22
Target 1 (40%) $85.68
Target 2 (40%) $88.45
Stop $82.22
Trade active
If this already started moving before you see the trade...readjust the R to see if it's not too late to enter.Trade closed: stop reached
Stopped out on that nasty candle.I may do the same type of trade...as the RSI still out in a higher low.
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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.