Description
⋅ Alright, looks like Monero (XMR) has been overbought and a short position would be the most optimal here.
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
Trade cautiously!
Comment
⋅ At the time of this comment, price is at around $284.
Comment
⋅ Right shoulder formed, looking bullish now!