Right now Monero is near a point where there is a lot of resistance, while its support lower is weaker after being touched so many times. At the same time we have a clean accumulation zone.
For now and until we break and close above 0.0143, being short is the most attractive option from a R/R perspective. Once we break and close above, being long makes a lot of sense. Monero has pretty good fundamentals (some of the best I'd say among altcoins).
If you don't want to short straight away, wait for a confirmation candle as right now it is on a decent uptrend. My opinion is that we could see a wyckoff case where the price sweeps the lows and then breaks a lot higher
For now and until we break and close above 0.0143, being short is the most attractive option from a R/R perspective. Once we break and close above, being long makes a lot of sense. Monero has pretty good fundamentals (some of the best I'd say among altcoins).
If you don't want to short straight away, wait for a confirmation candle as right now it is on a decent uptrend. My opinion is that we could see a wyckoff case where the price sweeps the lows and then breaks a lot higher
Nota
Monero didn't dip below support, but time wise and TA wise it is a good buy. Breaking the trendline and on time. Looks good
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.