Monero / USDTLong
XMR/USDT - Monero/USDT - Swing Position
Date: 06/12/24
Name: Monero/USDT – XMR/USDT
Market cap
3.69B
3.96%
Volume (24h)
169.95M
9.18%
FDV
3.69B
Vol/Mkt Cap (24h)
4.61%
Total supply
18.45M XMR
Max. supply
∞
Circulating supply
18.45M XMR
Daily Time Frame – Swing Position – Long!
Reasons to be Bullish Case:
1) Structure: Range Breaking out
2) Current phase: Strong Bullish momentum, +Low market Cap, Low Circulating Supply
3) Overall trend: Range.
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- 910 of Range break out, Prior higher low (support) hold, did not invalidated its previous structure, still bullish
- Currently testing its Range highs, (Resistance & Supply area - key level on Daily Time frame range. )
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $184 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation below $128
8)
Trade Plans:
BUY CMP: $198.10
DCA: $178-$145
Invalidation: $128
Trend Based Fibionacci Targets:
Target 1: $ 576
Target 2: $ 865
Target 3: $ 1044
Target 4: $ 1334
**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
Name: Monero/USDT – XMR/USDT
Market cap
3.69B
3.96%
Volume (24h)
169.95M
9.18%
FDV
3.69B
Vol/Mkt Cap (24h)
4.61%
Total supply
18.45M XMR
Max. supply
∞
Circulating supply
18.45M XMR
Daily Time Frame – Swing Position – Long!
Reasons to be Bullish Case:
1) Structure: Range Breaking out
2) Current phase: Strong Bullish momentum, +Low market Cap, Low Circulating Supply
3) Overall trend: Range.
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- 910 of Range break out, Prior higher low (support) hold, did not invalidated its previous structure, still bullish
- Currently testing its Range highs, (Resistance & Supply area - key level on Daily Time frame range. )
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $184 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation below $128
8)
Trade Plans:
BUY CMP: $198.10
DCA: $178-$145
Invalidation: $128
Trend Based Fibionacci Targets:
Target 1: $ 576
Target 2: $ 865
Target 3: $ 1044
Target 4: $ 1334
**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
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.
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.