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FxWirePro- XMRUSD (Chart of the day)

Tue, 11 Jun 2024, 02:18 am UTC

Monero coin was originally forked from Bytecoin and is a secure private untraceable coin. Monero uses RingCT privacy technology. It provides privacy through unique features such as

For senders (Ring Signatures)

For receivers (Stealth address)

For the transaction (Ring CT (Confidential transaction)

XMRUSD performed well in the past two days.

Any daily close above $182 confirms further bullishness.

XMRUSD gained more than 15% in the past two days.The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $181.82 nd is currently trading around $177.35.

The bullish invalidation can happen if the pair closes below $100. On the lower side, the near-term support is $165. Any break below the target $150/$120/$100. significant downtrend if it breaks $100

The immediate resistance stands at around $187. Any breach above confirms bullish continuation. A jump to $200/$216/$245 is possible. A surge past $245 will take it to $300.

It is good to buy on dips around $150 with SL around $100 for TP of $250.

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