Review & explanation for my 3% Monero scalp

Monero (XMR/USD) 1h chart: I saw the bearish divergence on the RSI and MACD histogram and I entered a short at 121.25$. I targeted the 0.786$ level (117.39$) for a 3.2% scalp.

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5 min chart indicating the massive bearish divergence

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Another sign I was looking at, was the ending of the 5 impulse wave Elliot cycle. A ABC correction had to come, so it was quite obvious it was going to fall.

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These are some of the exchanges I use:

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• Bitfinex - my most used exchange
• Binance - most popular exchange
• Kucoin - excellent exchange, rising in popularity
• Gate - for small cap / new coins
• Huobi - margin trading
• Coinexchange - big variety of coins

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ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!
NEVER HAVE THE SAME PASSWORD TWICE!
SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!

Thanks for reading and safe trading!✌

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