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Monero / TetherUS PERPETUAL CONTRACT

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XMRUSDT.P trade ideas

XMR PERSONAL ANALYSIS IN THE LONG TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the XMR coin is neutral-bearish. The coin has a very healthy sentiment below the 175$ region, but the constant consolidation above the 0.236 (above 200$) and the repetitive oversold indications in the Relative Strength Index were not helpful confirmations in making this asset a "confident long term investment" since as you can see in the chart, there were no established lower highs and is now currently threatening current investors for a lower low price target. It had been previously being rejected in the 300$ region multiple times as well in a larger timeframe which depicts that no buyers are interested enough to establish a reasonable buying support there. The coin's trend is now below the 200 MA which portrays a bearish signal/tone in the price action. This asset should be taken into consideration of only soft buys and not full time investments. The soft buy at 174$ region is not advised if the "general" market is overly bearish, but it would be a better buy if we have a confirmed bull market. --------------- The short bias indication in this idea is made due to several criteria: a.) Highly prone lower low in Bear Zone b.) Failed establishing lower high in oversold RSIs c.) Below the 200 MA d.) Rejected at the 0.382 FIB multiple times in a daily timeframe e.) Shorts are more likely to be more profitable than longs. The recommended strategy for this coin is to buy it below the 174$ region approximately 140-160$ or less and short it in the 280-300$ region during bear trends.
XShort
by Wamses
1
MONERO - Don't Miss This Easy Setup! Monero is setting up for a massive bullish wave very soon. We are currently at a local double bottom and seeing some strength but the best place would be the bigger double bottom at the $120 level. Trade Idea: - Watch for a breakout of the descending black trendline for confirmation - You can enter at the local double bottom (now) or you can wait for price to come down to the bigger double bottom - Once entered, put stops below the lows - Targets: 315 - 500 - Manage the rest Goodluck!
X
by Altsignals
XMRUSDT AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and lower target: 310 - 350 - 380 after first target reached move ur stop to breakeven stop: ~220 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 2 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Will be very APPRECIATE FOR UR DONAT/coins :) Open to your questions or suggestions(Looking for investors!).
XLong
by trytofeelpositive
2
Where HOLDER hold their assets in XMR.Based on the price action analysis, a sell off happened on 7 May 2021 where price at the all time high was $519 and drop to $180 where most of investors are holding this level at now moment. A break above $225 area show the increase in demand for Monero and the decrease of bearish pressure. Its been 3 months price holding $225 area. Thats a opportunity to buy at this level. A break above descending trendline area could means a continuation of bullish pressure. For long term investment Im very bulllish on Monero because it has such a strong intrinsic value for the future of Cryptocurrency which is the use case of the coin itself the main reason why crypto world are here. What are your thoughts on the future Monero?
XLong
by TraderMalaya_
1