🌙 WHY I DECIDED TO GO LONG ON $XMR
I've recently opened a LONG position on Monero. It's not because I expect every dip to turn into a rally, but because I see a few things worth paying attention to.
XMR has maintained a strong position in the privacy-coin market, with a market cap of approximately $10.56B. What caught my attention even more is its network activity: over 31,600 transactions on November 10, alongside a hashrate of around 6.71 GH/s.
Another interesting detail is the negative Futures funding rate of approximately -0.0027%. Shorts are currently paying longs, which could create additional buying pressure if market sentiment changes.
I know the market is still unpredictable, and my entry could be wrong. But trading is about identifying opportunities, managing risk, and accepting that not every decision will be profitable.
I've taken my position. Now I'll let the market do its job.
What's your view on Monero? Are you bullish on $XMR too?
#XMR #MONERO #CryptoTrading #Moon
I've recently opened a LONG position on Monero. It's not because I expect every dip to turn into a rally, but because I see a few things worth paying attention to.
XMR has maintained a strong position in the privacy-coin market, with a market cap of approximately $10.56B. What caught my attention even more is its network activity: over 31,600 transactions on November 10, alongside a hashrate of around 6.71 GH/s.
Another interesting detail is the negative Futures funding rate of approximately -0.0027%. Shorts are currently paying longs, which could create additional buying pressure if market sentiment changes.
I know the market is still unpredictable, and my entry could be wrong. But trading is about identifying opportunities, managing risk, and accepting that not every decision will be profitable.
I've taken my position. Now I'll let the market do its job.
What's your view on Monero? Are you bullish on $XMR too?
#XMR #MONERO #CryptoTrading #Moon
