The trading idea is based on a continuation of the main uptrend. The price moved above SMA100. The new swing low is higher than the previous one. MACD supports upward movement. If the price breaks the previous swing high, we’ll get a signal confirming further upward movement. Entry level is 383.00 with stop orders at 275.00 level. Profit targets can be 480.00 and 600.00 levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.
Market: XMRUSDT
Buy: 383.00
Stop: 275.00
Profit Targets: 480.00 and 600.00
The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in Monero.
Important: Never invest (trade with) money you can’t afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.
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source https://cryptocurrencyonline.co/trade-recommendation-gbpjpy/
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