MONERO: Not always an uptrend is fruitful...

MONERO: Not always an uptrend is fruitful...

By toofasteddie | The cryptorunner | 24 Jul 2020


There are moments on which betting for a correction can be also good.
Again, typical Head and Shoulders Pattern, with an uptrend neckline and a clear decline on the trading volume may indicate a good SHORT entry.

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And again, it may play well if the breakage of the neckline occurs, always if an increase of volume is coming.
The projected target indicates -3.75%. Depending on the selected leverage this trade can be very fruitful but also, keep in mind you can get liquidated quickly if it fails so, placing a stop-loss is a mandatory requirement.

Will see if we have the confirmation of the short.


I'm sharing only my quick trading Ideas here, not financial advice at all ;-)

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


toofasteddie
toofasteddie

Dad, Engineer, Runner and Crypto-trader


The cryptorunner
The cryptorunner

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