MONERO BREAKOUT OR BREAKDOWN .. 80% MOVE IS IMINENT
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Hi Everyone
12 TF We have Symmetrical Triangle close to the apex for a breakout or breakdown
I have done a fib ext pull to give potential targets both ways ... the1-1 extention
aligns with the measured move of the triangle from Hi -Lo .
Wait for a break of the support or the resistance and a candle close and Backtest before taking a trade and
be aware of a potential fake out to the upside first or vice versa ..this is why the backtest should be waited for .
follow the rules for validation to take entry and your trade wont be invalidated.
manage risk and SL and thanks for your support.
Any comments or questions then write away
12 TF We have Symmetrical Triangle close to the apex for a breakout or breakdown
I have done a fib ext pull to give potential targets both ways ... the1-1 extention
aligns with the measured move of the triangle from Hi -Lo .
Wait for a break of the support or the resistance and a candle close and Backtest before taking a trade and
be aware of a potential fake out to the upside first or vice versa ..this is why the backtest should be waited for .
follow the rules for validation to take entry and your trade wont be invalidated.
manage risk and SL and thanks for your support.
Any comments or questions then write away
Nota
Monero has been a slow mover but finally its off to new highs Will update again over the coming days
Nota
stayed above the .382 and looking good for the continued rise upwards ..although be cautious with BTC as always .I will be targetting the 1-1 ext as seen in the chart with alerts set
Nota
337.80 Still my targetNota
Target Hit and most of my position is closed I have 20% still left on the table for potential price discovery ..will update again later todayTrade chiuso: obiettivo raggiunto
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