XMR triangle breakout

3 февр. 2023 г.

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Have this draw for week or so just didn't post but now is the time I guess! Orange trendline added. Monero broke up this triangle📐 and now still backtesting it's upper edge. I just bought as I think there is chance to reclaim the previously broken triangle lower edge and then the price could surge to 203.5 target and even higher.

• ENTRY: local high @ 174.2
  
• STOPLOSS (SL): local low @ 167.0
  
• TARGET (TP): height of the triangle projected from midpoint of the local range @ 203.5
  
• REWARD RISK RATIO (RRR): 4.0
  
• INVALIDATION: when SL level hit
  

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.