FxWirePro: XMR/USD trades weak following foot steps of Bitcoin, good to sell on rallies

Bitcoin declined more than 7% after hitting high of $6840 level. Short term trend is bullish as long as support $5800 holds. It is currently trading around $6423. Any break below 5800 confirms bearish continuation.Major altcoins following foot steps of Bitcoin.

XMRUSD has shown a minor decline almost 15% after hitting high of $128.45. It is currently trading around $113.37.
 

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 $112 and any close below targets $103/$96/$76.

It is good to sell on rallies around $120-21 with SL around $128 for the TP of $96.