Trade Idea: $XMR

Trade Idea: $XMR
Trade Setup
๐Ÿท๏ธ Name: Monero
๐Ÿ’  Ticker: $XMR
๐Ÿ“ˆ Direction: Long
๐ŸŽฏ Entry: $420
๐ŸŽฏ Target: $1700 or trailing stop
๐Ÿ›‘ Stop Loss: $315
โš–๏ธ Risk / Reward: 12 : 1
๐ŸŒŽ Exchange: Kraken or Bybit

Monero (XMR) has a multi-month cup and handle it is attempting to breakout from. Targets are $1700 to as high as $3700 in a blow off scenario. Look for entry on a confirmed daily or weekly close above $420.