Pivot Points levels for Monero in the Asian session:
PP: 306.83;S1: 291.63; S2: 283.69; S3: 268.49;R1: 314.77; R2: 329.97; R3: 337.91.
The Pivot Points value is currently at 306.83. The market opened below this level, which hints at the presence of pessimistic sentiment. In such a situation, intraday priority is given to searching for entry points into short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 291.63, S2 283.69, and S3 268.49 levels.
The resistance levels are marked with red and are located at R1 314.77, R2 329.97 and R3 337.91.
The entry points should be considered at the PP level and when the price rolls back to the area of the resistance levels marked with red. The transaction closes when the price reaches the S1, S2, S3 levels.
