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XMRUSD H8: STAGE2 DUMP 50%: SHORT IT from 300USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don’t overleverage.
Tagged as SHORT because I expect CORRECTION
once we hit 300USD.
🔸 Summary and potential trade setup
::: XMRUSD 8hour chart review
::: heavy resistance overhead at 300USD
::: in progress now
::: in previous downtrend – expect more losses
::: measured move correction
::: Previously similar distribution setup
::: In April/May 2021 before 40%+ DUMP
::: BEST level to SHORT is near 300 USD
::: BULLS stay out until correction is over
::: BEARS can short from overhead resistance
::: 300 USD heavy resistance won’t pass
::: Stage2 50%+ correction possible/likely
::: currently no trade setup for active traders
::: shorting near range highs makes sense
::: 300 USD is heavy resistance / SHORT IT
::: TP BEARS is re-test of 150 USD
::: recommended strategy: SHORT 300 USD
::: good luck traders!
::: SHORT HIGH and get paid. period.
🔸 Supply/Demand Zones
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: PULLBACK/2/50%
::: Sentiment outlook short-term: FINAL PUMP/300USD
Trading Crypto, , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.