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Monero (XMR) – May 23 for BINANCE:XMRUSDT by readCrypto

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( XMRUSDT 1W Chart)

Resistance: around 218.2
Support: 125-156

It is important to be able to walk sideways in the 156-218.2 section.

125.0 and below are likely to enter the mid- to long-term investment area.

(1D chart)

Primary resistance: around 190.0

Secondary resistance: around 218.2

1st support: 156.0-170.6

2nd support: around 125.0

If it fails to move above 190.0, we should see if there is support above 170.6.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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