Trading Tips – Price Targets for Monero – 17 October 2020
When should you enter or exit a crypto bull run? Evaluating price discovery levels on a day-to-day basis can be difficult, instead, why not not map out key levels of resistance in advance of any bullish price run to prevent shoot-from-the-hip decision making from creating a poorly planned trade.
Various technical indicators can be used to do this if crypto markets re-enter a broad multi-month bullish rally. A single indicator is unlikely to give any trader complete confidence during periods of price discovery as every indicator provides slightly different support and resistance levels. However, used together, zones of resistance confluence and trade exits can be determined despite no prior price history – as this video shows with Monero.