Hello there again my friends!! š
I hope everyone is having an awesome time.
This is you friendly neighbourhood LJ in the house for our daily price analysis of interesting cryptos out there.
For this segment I would like to discuss MONERO or XMR against BTC.
This is a really interesting crypto to look at based solely on price because the ranging is already quite stable.
We are right now on the daily price chart so this is quite a long view to look at.
This is quite a good opportunity to trade back and forth the range in the white boxes..
The range I am looking that is good opportunity to long is in the 0.0062 BTC price area.
That would be a really good dip buying opportunity, the reward for this is quite substantial especially if XMR will finally bottom already and break out from this long ranging consolidation.
I think this coin still has promise in the future and already has a big user base.
When the right time comes, and enough buying pressure is put on, this can really move big to the upside.
As always, we need to have a plan in navigating the markets.
Especially in trading, it is definitely good if we first have the right knowledge and the time to learn before putting our hard earned money.
In case of long-term investing, as long as we are willing to HODL the big dips, then it is okay also.
Till next time, see you on my future posts guys!!š
Cheers!! š
ā#Monero #XMR #Trading #Investing