Seizing the Opportunity: Long XMR Perpetual Future at $172
Bullish View on XMRUSDT
Trade:
Buy XMR Perpetual future at $172
Stop Loss: $164
Target: $184
Max Profit: $12/XMR
Max Loss : $8/XMR
Rationale:
The recent price movement in XMR has convincingly breached the resistance level at 216, and gave a swing high of 175. Now the price is attempting to retrace towards its foundational or demand zone regions.
An encouraging sign is that XMRUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance.
Examining the daily chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Buy XMR Perpetual future at $172
Stop Loss: $164
Target: $184
Max Profit: $12/XMR
Max Loss : $8/XMR
Rationale:
The recent price movement in XMR has convincingly breached the resistance level at 216, and gave a swing high of 175. Now the price is attempting to retrace towards its foundational or demand zone regions.
An encouraging sign is that XMRUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance.
Examining the daily chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.