Monero unconfirmed head & shoulder
For this trade I really suggest you to minimize risk as much as you can if you really want to take this.
On the chart we can not see clearly the neckline by the technicals so i am taking profit every little resistance zone.
To get the 2:1 risk reward ratio as a minimum return on investment it is recommended to take it by small leverage in isolated.
By the fundamentals currently we can see a breakout on the bitcoin chart which could bring monero with it.
The bond market is stabilizing compared to the time before.
The FED might will change strategy because of the other countries bankrupcies.
For a minimal risk i think it is better to wait for the news to come out, because we are so close to the next FOMC meeting, which has a big effect on the crypto market too.
The asset is good to trade because of the goverments can not deal with it, but always remember what is crypto about:
DECENTRALISATION
PRIVACY
That is what you get from monero
On the chart we can not see clearly the neckline by the technicals so i am taking profit every little resistance zone.
To get the 2:1 risk reward ratio as a minimum return on investment it is recommended to take it by small leverage in isolated.
By the fundamentals currently we can see a breakout on the bitcoin chart which could bring monero with it.
The bond market is stabilizing compared to the time before.
The FED might will change strategy because of the other countries bankrupcies.
For a minimal risk i think it is better to wait for the news to come out, because we are so close to the next FOMC meeting, which has a big effect on the crypto market too.
The asset is good to trade because of the goverments can not deal with it, but always remember what is crypto about:
DECENTRALISATION
PRIVACY
That is what you get from monero
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