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XMRUSDT trade ideas

XMR - Monero is gonna explode soon#XMR/USDT #Analysis Description --------------------------------------------------------------- + The price has hit the resistance level and appears to be rejected from it (confirmation will come once the candle closes). + We can consider entering a long trade once the price retraces. + There is good potential in the bull run if the price bounces back after reaching the support zone. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 170.1 - 152.88 Stop Loss: 95.96 ------------------------------ Target 1: 183.27 Target 2: 240.56 Target 3: 295.61 Target 4: 370.83 Target 5: 469.02 ------------------------------ Timeframe: 1M Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
XMRUSDT.1DUpon examining the daily chart for XMR/USDT, the technical analysis unveils notable insights regarding Monero's price behavior and future prospects. Price Action: Currently, Monero is priced at $179.99, following a significant drop of 2.96%. This decline places it near a crucial support line around $98.39. Over the past year, the price has shown a tendency to oscillate between this support and resistance levels, forming a descending triangle pattern—a bearish signal generally indicative of potential continuation downward unless there is a significant shift in market sentiment or external factors. Resistance and Support Levels: The most prominent resistance level is at $187.63, where the price has previously faced substantial selling pressure. Overcoming this level could shift the medium-term outlook from bearish to bullish. The support level at $98.39 is equally significant as a breach below this could lead to a test of the lower boundary at $96.37, marking the year's low. Moving Average Convergence Divergence (MACD): The MACD indicator displays a bullish crossover as the MACD line (blue) has recently crossed above the signal line (orange) , suggesting increasing bullish momentum in the short term. However, both lines are still below the histogram's zero line, which implies that the prevailing longer-term trend remains bearish. Volume and Volatility: While the chart does not detail volume and volatility, these factors would typically add critical context, particularly in confirming the strength of price movements through volume-supported breakouts or breakdowns. Conclusion: The current technical setup of XMR/USDT presents a cautious scenario. The recent bearish momentum and position within a descending triangle pattern generally suggest a downward continuation. However, the bullish crossover in the MACD indicates a potential for short-term recovery. Traders should monitor whether the price can sustain above the $98.39 support. A break below this level could be detrimental, signaling a likely continuation to lower lows. Conversely, a successful breach above the resistance at $187.63 could invalidate the bearish pattern, possibly leading to further upside. Therefore, maintaining stop-loss orders slightly below the support and considering profit-taking near resistance levels would be a strategic approach under current conditions.
by MarsSignals
XMRUSDT: Bullish Butterfly Update: Bullish Breakout Seems LikelyXMR, despite the spot pairing having been delisted on Binance a few months ago, has survived and held above the PCZ that was of very much importance to the historic price action. During the delisting XMR had sold off back down to the PCZ in record volumes on the exchange, however, in spite of record selling the support still held, since then, the price has stagnated at this level potentially hinting towards accumulation. If the Support had Broken XMR likely would have crashed all the way back down to 20 but for the time being the coin has proven resilient at this price level and it would seem that we will soon be marking up to significantly higher prices as the diagonal Bearish Trend seems to be coming to a close.
Long
by RizeSenpai
Monero (XMR) or Moonero?Greetings citizens of the world Monero price today is $145 with a 24 hour trading volume of 100 million dollar. XMR price is up 0.7% in the last 24 hours and 7% since last week Monero is the top privacy centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system and after what happened to Tornado cash more "people" use XMR. 100-110$ is the most important support level for monero so if you were long from that level take some profit because at 160 we can have a little correction but if we break 160$ then 165,170 and 179 are next targets. If you want to buy monero for long term hold, 100-120$ are good dip zone for loading some coins. as you see XMR repeat its pattern in downtrend so there is no reason for FOMO or any crazy leverages
X
by moonypto
2
XMR/USDT preparing for resistance Breakout? 👀 🚀Monero💎 Paradisers, turn your attention to #XMRUSDT as it's currently charting a significant course in the market. Positioned in a demand zone, it is gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement. 💎 Delving into #MONERO market history, we observe its adherence to a descending channel pattern, culminating in a break and subsequent upward movement. Recently, after a rejection from the solid resistance level at $152.20 it is regaining momentum to challenge this threshold again. A successful breakout here could pave the way for a likely upward trend. Should this bullish momentum persist, OMXSTO:XMR is set to target the resistance levels of $188.25. 💎 However, experienced #XMR traders understand that the path in crypto markets isn't always linear. If the anticipated breakout becomes a close call and deviates from expectations, be ready to pivot towards a bullish resurgence from the demand level of $125.56. This should be part of your strategic contingency planning. 💎 Additionally, if #XMR dips below this support level, a strategic shift may be necessary. Such a development would indicate the need for a reassessment of the bullish perspective, requiring an adjustment in strategy to align with the evolving market dynamics. 🌴💰
Long
by MyCryptoParadise_Simon
1