I am not buying this tiny gain.
$XMR
has climbed 0.30% to $361.33. The move is almost nothing.
The funding rate is +0.2908%, which is positive but weak. The volatility score is 7/100, which is very low. When volatility is this low, it often precedes a larger move, and the direction is usually the opposite of the recent minor trend. Whale activity shows 46% buy pressure and 51% sell pressure – sellers are slightly ahead. The price is sitting below $365 resistance. If it fails to break above, I see a drop to $355 first. But if sellers take control, $345 is not out of the question.
Trading Plan:
· Entry: $360 - $361
· SL: $365
· TP1: $356
· TP2: $350
· TP3: $345
What is your take on this one?
$XMR
has climbed 0.30% to $361.33. The move is almost nothing.
The funding rate is +0.2908%, which is positive but weak. The volatility score is 7/100, which is very low. When volatility is this low, it often precedes a larger move, and the direction is usually the opposite of the recent minor trend. Whale activity shows 46% buy pressure and 51% sell pressure – sellers are slightly ahead. The price is sitting below $365 resistance. If it fails to break above, I see a drop to $355 first. But if sellers take control, $345 is not out of the question.
Trading Plan:
· Entry: $360 - $361
· SL: $365
· TP1: $356
· TP2: $350
· TP3: $345
What is your take on this one?