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FxWirePro: XMR/USD trades range bound for past five trading sessions, any break above $128 confirms minor bullishness

Bitcoin is trading in narrow range between $6506 and $6741 for past four trading session.Short term trend is bullish as long as support $5800 holds. It is currently trading around $6723. Any break below 5800 confirms bearish continuation.Major altcoins following foot steps of Bitcoin.

 

XMRUSD is not showing any movement for past five trading session. The near term resistance is around $128.60 and any break above targets $142/ $151.95.

 

On the lower side, near term support is around $111 (50- day MA) and any close below targets $103/$96/$76.

 

It is good to buy on dips around $107-108 with SL around $96 for the TP of $128/142.

 

 

 

 

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