Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π XMR has been stuck inside a wide range between 130.0 and 188.0.
Currently, #XMR is hovering around the upper bound of the range.
π For the bulls to remain in control and take over from a long-term perspective, we need a break above the 188.0 resistance. In this case, we can expect further bullish movement toward the next resistance at 250.0.
π Meanwhile, the bears can still take control and reject the resistance. Confirmation will come if a bearish reversal setup is activated on the H4 chart.
Which scenario do you think is more likely to happen and why?
π Always follow your #trading plan regarding entry, #risk management, and trade #management.
Good luck!
All #Strategies Are Good; If Managed Properly!
~Rich
π XMR has been stuck inside a wide range between 130.0 and 188.0.
Currently, #XMR is hovering around the upper bound of the range.
π For the bulls to remain in control and take over from a long-term perspective, we need a break above the 188.0 resistance. In this case, we can expect further bullish movement toward the next resistance at 250.0.
π Meanwhile, the bears can still take control and reject the resistance. Confirmation will come if a bearish reversal setup is activated on the H4 chart.
Which scenario do you think is more likely to happen and why?
π Always follow your #trading plan regarding entry, #risk management, and trade #management.
Good luck!
All #Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal