XMR/USDT - Monero/USDT - Swing Position
2024-12-06

Date: 06/12/24

 Name: Monero/USDT – XMR/USDT 

 	Market cap
$3.69B
3.96%
Volume (24h)
$169.95M
9.18%
FDV
$3.69B
Vol/Mkt Cap (24h)
4.61%
Total supply
18.45M XMR
Max. supply
∞
Circulating supply
18.45M XMR



 

 Daily Time Frame – Swing Position – Long! 

 Reasons to be Bullish Case:  
 1)	Structure:  Range Breaking out
 2)	Current phase:  Strong Bullish momentum, +Low market Cap, Low Circulating Supply
 3)	Overall trend:  Range.
 (4) Internal:  Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
  (5) Important Key notes:  . 
- 910 of Range break out, Prior higher low (support) hold, did not invalidated its previous structure, still bullish
- Currently testing its Range highs, (Resistance & Supply area -  key level on Daily Time frame range. )
 Worst case Senerios:   
4)	Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k)
5)	Due to liquidity generated and Demand zone sitting below.
6)	if $184 is not hold, then we can see further buying opportunities on marked point of interests. 
7) 	Invalidation below $128
8)

 Trade Plans:  
BUY CMP: $198.10 
DCA: $178-$145

 Invalidation:  $128

 Trend Based Fibionacci Targets:  
Target 1: $ 576
Target 2: $ 865
Target 3: $ 1044
Target 4: $ 1334

 **This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
 
