A New Hope For Monero XMR

After holding the long term trend line, Monero XMRBTC managed to show some strength. This move is a Long signal for me.

On the positive side we have the fact that it tested 0.015 BTC resistance after the breakout and made it a support.
On the negative side, we are in a bear market, we have strong resistances ahead and we have to be prepared for anything. Going back to 2016 levels is not unthinkable at this point.

We have to watch these levels for reversal of this short term uptrend:

• 0.016841
  
• 0.018329
  
• 0.02
  

And as usual, let's have a Trailing Stop Loss. My initial level will be 0.013489.

Let's see how far this goes.

Comment:

DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.

Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.