Heres my case for a short on $XMR/$BTC Monero a few moments ago. Price testing major resistance, bear trend on a higher time frame, bearish divergence apparent on oscillators. I give this a 55/45 favoring a move to the downside. I could be wrong hence risk management in place with a stop loss above resistance. Targets at support levels and 2:1 r/r ratio. Lets see...
Bear break out below the support trend line of that wedge.
Trade as follows:
Sell at $85 and aim at $60 as your take profit. Stop loss above $90
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Read and comment. Let me know your thoughts guys.
