Technical analysis by Peet_Serfontein about Symbol XMR: Buy recommendation (2/26/2024)

A price action above 128.00 supports a bullish trend direction. Increase long exposure for a break above 139.00 (its 50% Fibonacci retracement level). The target price is set at 152.00 (just above its 61.8% retracement, which is also close to its 200-day simple moving average). The stop-loss is set at 117.00 (is 23.6% Fibonacci retracement level). Remains a risky trade.