XMR - A Range But Strong 💪

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📊 XMR has been stuck inside a wide range between 130.0 and 188.0.

Currently, #XMR is hovering around the upper bound of the range.

📉 For the bulls to remain in control and take over from a long-term perspective, we need a break above the 188.0 resistance. In this case, we can expect further bullish movement toward the next resistance at 250.0.

📈 Meanwhile, the bears can still take control and reject the resistance. Confirmation will come if a bearish reversal setup is activated on the H4 chart.

Which scenario do you think is more likely to happen and why?

📚 Always follow your #trading plan regarding entry, #risk management, and trade #management.

Good luck!

All #Strategies Are Good; If Managed Properly!
~Rich