MONERO BREAKOUT
ที่อัปเดต:
Monero has just broken a 2 weeks strong downwards trendline just when it was trying to break a huge triangle that would have taken it to retest its november lows.
With a unable to scale bitcoin (check this tx blockchain.info/tx/71ec2ec36448788f4754126b6925ac7d2b3ff542a52224f7f8d4ffa93c485414), a potential bitcoin etf rejection, and a strong technichal setup for a long, we could be heading to a new bull cycle that could take it to new highs.
Technichals to support a long:
Weekly, daily and 12h RSI at its lowest since november
Triangle breakdown rejected
2 weeks trendline broken
Margin x2
Entry point: 0.0103
Targets: 0.0123, 0.016, 0.022 and 0.026
SL: triangle breaking down again.
With a unable to scale bitcoin (check this tx blockchain.info/tx/71ec2ec36448788f4754126b6925ac7d2b3ff542a52224f7f8d4ffa93c485414), a potential bitcoin etf rejection, and a strong technichal setup for a long, we could be heading to a new bull cycle that could take it to new highs.
Technichals to support a long:
Weekly, daily and 12h RSI at its lowest since november
Triangle breakdown rejected
2 weeks trendline broken
Margin x2
Entry point: 0.0103
Targets: 0.0123, 0.016, 0.022 and 0.026
SL: triangle breaking down again.
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daily MACD about to go bullish
No daily close under the triangle support, just some wicks.
Dash pump is over and now short-term speculators looking for new pump. Specially if eth corrects here at ~0.016/20usd resistance area, money could start flowing into monero.
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Target 1 reached.Closed 20% of my position at 0.012
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Reloading 10% at 0.0106 and 10% at 0.0101.soft SL at ~0.0096
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Got filled. Then reducec my position by 50%
i dont want to get caught by real etf news.
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I closed 50% at 0.0102 for a 0.5% loss.I also reached target 0.012 5 days ago, for a 3.5% net profit.
So so far this trade provided a 3% net profit and still ongoing 50% of it.
Analyzing it, i shouldn't have closed that 50% of my long, but i "fomo'ed" with that bitcoin pump this morning.
Anyways, we are still in the game, and still in green, so, so far, so good.
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Monero clock is ticking. the range narrows. soon it will either shoot up, or dump or resolve with a boring sideways.I'm pretty confident we will go up.
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Bull resolution confirmed.Just raised my Stop Loss to profits, just under the triangle at 0.0117
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This time i'm trying something different. Instead of simply selling my target, now that we have smashed it i'm placing a stop-limit order on my target (0.016). If we pull back there, i'll get stopped for 20% of my original position (40% of remaining position).This way if we go full bubble i'll haven't sold too soon, and if we pull back i still have sold my target.
So here we go monero.
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Okay, this is too much bullish exhuberance. I just closed 20% of my original position at 0.0182 and removed that SL at 0.016.
Pocketed 30% net profit after margin.
Now looking forward to a nice dip to rebuy, or just keep riding this with my remaining position.
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Target 3: REACHEDบันทึกช่วยจำ
Closed 20% on target 3 (0.022)That means a 45% net profit after margin.
So far this trade has provided AFTER MARGIN:
target 1: 6.6% profit
(0.012/0.0103*-1)*0.2*2=0.066
fomo close prior bitcoin etf rejection: 1% loss
(0.0103/0.0102-1)*0.5*2=0.0098
target 2: 30% profit
(0.0182/0.0103-1)*0.2*2=0.306
target 3: 45% profit
(0.022/0.010-1)*0.2*2=0.454
TOTAL NET PROFIT: 81.6%
And i have still 10% of my remaining position ongoing.
So that means my current ROI is 90%+81.6=171.6%
NOT BAD :/
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Current outlook of monero is not pretty at all. Could the pump be over?บันทึกช่วยจำ
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It changed quite a bit in this 35 min:Now we have bull divergence in RSI 15m, 30m and 60m
Also macd divergence in 15m and 30m
Also downtrendline broken.
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Paying attention to these trendlines.I might reload some bits of my long at a succesfull retest and rebound on them.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Last target for 10% of position was never reached. Nevertheless total net profit reached 85%, accounting for a 185% ROI.I'm into a new Monero long.
Check it here:
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