Shorting Monero; Broke from Channel
Shorting Monero,
Just broke out and tested the 135 day channel. We have a triple top near .033 now looking for take profits at .02100930, .02012294 and .01603397.
**This is my own educated opinion for my own portfolio. Please do your own research before trading yourself.**
Just broke out and tested the 135 day channel. We have a triple top near .033 now looking for take profits at .02100930, .02012294 and .01603397.
**This is my own educated opinion for my own portfolio. Please do your own research before trading yourself.**
Nota
A close up look at recent price action red line is my base price Nota
HAHA well didn't take long, stop loss hit at the top of the channel, small position so no worries. I'll wait for a better set upNota
I'm going to reenter this position with a small position size so I am comfotable letting it play out. I probably set my stop a little too low on my first entry, or perhaps I just jumped the gun on the entry, I guess price action needed to test the channel one more time and fail again before it was ready to receed. Going back in with a small position and letting this one ride... Lending fees on Monero are relatively cheap so there shouldnt be a problem holding for a bit.Nota
First Target hit. Doing some research I will probably size this up a bit.Nota
Target Reached. Small position so a modest gain, but A great test overall.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.