Lowe's Target Monero

Monero [XMR] traders need to be wary of this before placing calls

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Post a rising wedge-like (white) setup, Monero [XMR] expectedly saw a breakdown in the four-hour timeframe.

While the last few days saw steady growth from the lows of $99, the sellers found renewed pressure at the $132 resistance.With the recent hike in selling volumes, the sellers have negated the buying efforts while pulling the price below the midline of the Pitchfork.The continued downtrend could find rebounding opportunities near the lower boundary of the Pitchfork.

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