XMR - Standing Strong!

15 Şub 2023

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on WEEKLY: Left Chart
XMR is overall bullish medium-term and now approaching a support zone so we will be looking for buy setups on lower timeframes.

on H4: Right Chart
XMR formed a channel in red but it is not ready to go yet.

🏹Trigger => for the bulls to take over, we need a momentum candle close above the last major high in gray.

Meanwhile, until the buy is activated, XMR can still trade lower inside the support zone 140 - 150

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich