Short XMR

Nov 22, 2022

In 4H TF, XMR broke the trendline with a big drop of ~ 10% on . Now it is consolidating right below this trendline.

It's expected that the drop will resume because in higer TF (2D), the volume indicator MFI has just broken its trendline. This means that selling pressure continue to increase.
For this HTF view, please see the below screen-shot:

Nov 23, 2022

Trade closed: stop reached

SL hit.
The trade fails because market changes direction before FOMC meetings.