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Spikecaptial

XMR Showing Significant Weakness

Short
XMRUSDT Perpetual Contract (BYBIT:XMRUSDT.P)  
Spikecaptial Aggiornato   
BYBIT:XMRUSDT.P   XMRUSDT Perpetual Contract
Trend Analysis Chart Patterns Technical Indicators short shortsetup shortidea CRPTOCURRENCY derivatives
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trendanalysis chartpattern indicator short shortsetup shortidea crptocurrency derivatives
XMRUSDT.P

XMR has shown significant weakness in the last week.
- Breakdown of ASCENDING WEDGE
- Could not hold .618 Fib level
- TSI (True Strength Index) crossing indicating continuation of the downtrend
- CCI is in the oversold area however we believe the trend will continue

Stop Loss: above $134.35
Take Profit 1: $129.20
Take Profit 2: 127.45
Commento:
Reached TP 1 !
Commento:
Trimmed a little bit, still expecting tp2
Commento:
Take profit 2 Hit, letting the rest run, moved stop loss to entry
Commento:
Closed position last night! BIG BAGGER! congrats if you followed another day another dollaaa baybeeee
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