๐ธSpeculative bullish xabcd setup in Monero on 16 hour price chart. Advanced pattern setup, since point C and D still require confirmation. Do not execute the trade at market now, expecting pullback in April and then be ready to reload near point D below market price.
๐ธThe xabcd pattern is defined by point X at 126 usd, point A at 181 usd, point b at 139 usd, point C at 173 usd and finally point D at 112 usd. This is an advanced pattern setup, so naturally higher risk involved in trading it, so always do your own due dill and confirm with other indicators / price action techniques.
๐ธThe recommended strategy for Monero bulls: Seek to buy low near point d after the pullback is complete. best entry price near 114/116 usd and target is +75% gains. this is a buy/hold swing trade setup so please do not expect miracle overnight gains. good luck!
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