XMR has shown significant weakness in the last week.
- Breakdown of ASCENDING WEDGE
- Could not hold .618 Fib level
- TSI (True Strength Index) crossing indicating continuation of the downtrend
- CCI is in the oversold area however we believe the trend will continue
Stop Loss: above $134.35
Take Profit 1: $129.20
Take Profit 2: 127.45
Note
Reached TP 1 !Note
Trimmed a little bit, still expecting tp2Note
Take profit 2 Hit, letting the rest run, moved stop loss to entryNote
Closed position last night! BIG BAGGER! congrats if you followed another day another dollaaa baybeeeeDisclaimer
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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.