Technical analysis by Hill_Trading about Symbol XMR: Sell recommendation (10/10/2023)

Looking at the chart we can see that XMR broke through the daily resistance (purple line). Shortly after it produced a nice inside bar followed by a breakout from the inside bar. This can signal a reversal of the trend. For further conformation it has produced a rising wedge pattern, which is also a reversal pattern. I'm opening a short position looking at the previous lows. Watch price action at significant levels (50% 61.8% fib) Good Luck!