XMR/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 294.07, 295.00, 295.50.
Key Support Levels: 267.07, 266.50, 266.00.
The price on the higher time frame found buyers around the area of confluence made of the 61.80% Fibonacci retracement level and the bespoke support around the 266.77 USDT mark. This indicates that the pullback ended and most probably a new impulsive wave to the upside could be seen.
XMR/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the pair broke the bearish channel that represents the bullish flag on the higher time frame. A series of higher highs and lows are posted showing that we are in the beginning of a new impulsive wave to the upside.
Buy Limit Order @ 268.84
TP 1 @ 294.07
TP 2 @ 295.00
Stop Loss @ 256.21
Trade Safely 🙂