Short
XMRUSDT In Bearish Descending Channel
Presently, XMRUSDT exhibits a bearish trend characterized by a descending channel pattern. Identifying the chart at a Lower High (LH) juncture, Initiated an immediate entry, establishing the preceding LH point as the stop loss. To determine Take Profit 1 (TP1), I utilized a 1:1 risk-reward ratio. Additionally, Take Profit 2 (TP2) was calculated based on a 1:2 risk-reward ratio.
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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.