BTC has been been consolidating in a defined range for quite some time now, giving top 10 alts some breathing room and prep time for a leg up. Reviewing XMR/BTC daily and 240m charts, we spotted a worthwhile trade that we're sharing with our followers now.
Breakout from the horizontal range dating back to 2nd August, followed by a quick retest means the chances for another leg up are bright. We are taking our long bets considering the solid setup and a supremely good R:R of 6+.
Exact levels on the chart.
Breakout from the horizontal range dating back to 2nd August, followed by a quick retest means the chances for another leg up are bright. We are taking our long bets considering the solid setup and a supremely good R:R of 6+.
Exact levels on the chart.
Trade closed: stop reached