Monero Trading Idea

Price bounced from 30.00 support level. RSI confirmed price reversal. MACD confirms an upward movement. We can see that price comes back above MA100 which shows the main trend. It's a signal that the previous up trend is going to continue. We have trading opportunity and we can think about buying. If you are ready to trade in long term, the current levels are good for buying. You just need to use small volume. Also we should pay attention to the downtrend line. If the market reaches this line, probably we'll see price reversal and a downward movement. In such way we'll have new trading opportunities and levels for buying. But if the market breaks this downtrend line, we'll get an additional confirmation for further upward movement.