Pivot Points levels for Monero in the Asian session:
PP: 384.27;S1: 376.23; S2: 370.69; S3: 362.65;R1: 389.81; R2: 397.85; R3: 403.39.
The current level of Pivot Points has formed in the area 384.27. With the market opening below this level, a downward movement becomes more likely. Therefore, intraday priority is given to searching for opportunities to open short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 376.23, S2 370.69, and S3 362.65 levels.
The resistance levels are marked with red and are located at R1 389.81, R2 397.85 and R3 403.39.
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.
