Monero (XMR) is one of the top privacy coins in the crypto space. Many people call it "the Bitcoin of privacy coins". As a trader, Monero offers a lot of opportunities for profit as it is a solid project in a fundamental sense that also has quite a bit of speculation on top.
With the latest run-up, I am taking profits at $100 and waiting for a pull back to the $90-92 range. At that point, I'll re-enter the position and wait for a rally beyond this $100 resistance level.
The Bigger Picture
Looking at the bigger picture for Monero, you can see that we've tripled in valuation since the March lows of this year. Rallying from $30 all the way up to the new high for 2020 of $100.
For a short-term trade, I'm eyeing that ~$90 level as you can see in the first chart.
For a long-term accumulation play, I'll wait to establish a large position for the long-haul until we pull all the way back down to sub-$70 -- around the $65 level is an ideal accumulation range in my opinion.