cryptodonovan

XMR/BTC poss. Reversal - High Risk

Long
KUCOIN:XMRBTC   Monero / Bitcoin
You can probably find better BTC pairs in small caps for quick gains, but I couldn't help but share this big double bottom / break about 200SMA XMR has pulled off. These are clear signs of reversal. The risk is that it will be short lived and roll over like the previous break above 200SMA. THIS IS A HIGH RISK TRADE, so I would wait for a confirmed break above resistance. Stop Losses are a must.

This trade will look a lot better if/when BTC Dominance starts to fall.

happy trades
CD

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