XMR/USDT 8H (Binance Fut.) Parallel channel breakdown & pullback
Monero is looking quite bearish after breaking downwards out of the ascending channel.
Price action has retested several times the necklines, so it's just a question of time before big drop, in my opinion.
Sell Entry= 61.35 - 64.55
Take Profit= 55.83 | 49.16 | 43.23
Stop Loss= 70.07
Risk/Reward= 1:1 | 1:1.94 | 1:2.77
Expected Profit= 33.93% | 65.73% | 93.99%
Possible Loss= -33.93%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Price action has retested several times the necklines, so it's just a question of time before big drop, in my opinion.
Sell Entry= 61.35 - 64.55
Take Profit= 55.83 | 49.16 | 43.23
Stop Loss= 70.07
Risk/Reward= 1:1 | 1:1.94 | 1:2.77
Expected Profit= 33.93% | 65.73% | 93.99%
Possible Loss= -33.93%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
עסקה סגורה: היעד הושג
TP1 was reached last Sunday too, making +33.93% profit (3x) then back up to sell zone few days after.What will happen now isn't that clear and will depend on next Bitcoin big move of course, but XMR/BTC looks like it could grow up so better stay alert!
Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.