Post
Topic
Board Altcoin Discussion
Re: Monero (XMR) Speculation thread
by
rpietila
on 31/07/2014, 18:23:37 UTC
@rpietila and others, what do you consider as a buy-zone for monero? Was thinking about placing some orders in the 0.004-0.0043 range. There is pretty much support at 0.004 and 0.0039, also fibonacci retracement levels are at 0.00406 and 0.00447 (This is based on the last runup from 0.023 to  0.058).

The 61.8% level is also on 0.00365, that is a possibility also.

All-time volume weighted average price is 0.00426.

All things considered, if you want to buy it, just do it at any price below 0.0045. The chances of breaking 0.004 are so slim that it is not worth the 10% gain achievable.

This advice is valid if your intention is to hold. I don't give daytrading advice.