Pivot Points levels for Monero in the Asian session:
PP: 411.14;S1: 405.96; S2: 400.12; S3: 394.94;R1: 416.98; R2: 422.16; R3: 428.00.
The level Pivot Points formed at 411.14. The market opened above this level, which confirms the presence of optimistic sentiment. Within the day, it is preferable to focus on finding entry points into long positions.
Trading recommendations:
The intraday support levels are the S1, the S2 and the S3.
The resistance levels R1, R2, and R3 are at 416.98, 422.16, and 428.00 respectively.
The signals to enter the market can be found both near the PP level and when a deeper rollback is formed near the S1, S2, S3 levels. The profit is fixed when the R1, R2, and R3 resistance levels are reached.
