Trade Recommendation: XMR - Monero
The trading signal is based on a bullish divergence. The market bounces from 85.00 level and it’s going to move upward to 100.00 strong resistance level. RSI confirms price reversal from the support level. MACD supports further upward movement. Pending orders for buy should be placed at 89.00 level. Stop orders at 83.00 level. The main profit target is 100.00 resistance level. If the price breaks it, the next profit target will be at 125.00 resistance level. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.
https://www.coinigy.com/s/i/59de1a3ca7192/
Market: XMR/USD(T)
Buy: 89.00
Stop: 83.00
Profit Targets: 100.00 and 125.00
// -- Discuss and ask questions in the comments -- //
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I would definitely agree with your entry at $89.00, but regards to profits at $105-$110 should be a comfortable exit. By the way nice analysis
Thanks for your opinion as well. ;) that's why I gave the wider range for the exit based on people's long or short term investing strategy
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