I was going through the charts this morning and saw that Monero had broken lower against a recent upward trend. There's strong support for Monero and it regularly has been visiting the 0.03 BTC mark.
The break below the upward trend presents a possible trade opportunity that I'll be considering for my Journey from 0.2 to 1.0 Bitcoin project.
Splitting the buy order between 0.026 & 0.024 will enable me to mitigate the risk of a further drop. Although, there's strong support at each of these levels, where it stops - nobody knows.
Here's the trade I'll be taking.
BUY: 0.026, 0.024
TP: 0.029
SL: 0.023
Let me know your thoughts and follow me on TradingView if you like!
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