MasoodAnsari

XMRUSDT In Bearish Descending Channel

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BINANCE:XMRUSDT   None
Presently, XMRUSDT exhibits a bearish trend characterized by a descending channel pattern. Identifying the chart at a Lower High (LH) juncture, Initiated an immediate entry, establishing the preceding LH point as the stop loss. To determine Take Profit 1 (TP1), I utilized a 1:1 risk-reward ratio. Additionally, Take Profit 2 (TP2) was calculated based on a 1:2 risk-reward ratio.
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