What’s interesting is how Monero topped and potentially is testing the 200DMA. Silver just recently topped but let’s see how it reacts the next few days. Will it react similar to Monero? This week we will see how it holds up against the 50DMA or the 200DMA.
In an uncertain world, the only certainty is the rules you create to create order out of the chaos. We see again this is played. Over the weekend Trump issues a potential tariff on Greenland. Because of MLK the market opened on Tuesday which gaps down. The next day (Wednesday) at Davos, Trump talks about not doing the tariff. The market then rallys maybe 2 hours before the market closes. Thursday it gaps open then sells off then comes rallying back up at the 10/20 DMA area.. Below is the chaos for Thursday 1-22-2026. But, what keeps us all in control. Our rules of entry and exits. What me worry?? Our rules guide us. Swaying from our rules is very dangerous. Which is why we have rules to guide our every move. Sometimes sitting is the hardest part of the strike.
I was short at the open then covered it SQQQ as it got support on the 10/20 it was a wash trade. Then a few hours later got into SSRM. I was a little late on the entry. The entry should of been around the open at the 10DMA $24.10 area. I was in at the $25.5 area. It did do a pocket pivot today green… So we will see.
Rules in the uncertain world are so important. When you want to guess and take profits, sometimes its best to continue to use the rules established. I sold the final position at $80 using the 10DMA. As seen here, the strength continues. The 10 day is still the guide until its not. You can’t predict the future but you can follow through rules to create order out of chaos. We are not Nostradamus.
This is now real time psychological warfare. The mind in the markets. We see a break in Monero. Let’s see how it holds the 10DMA or not. It did close below the 10DMA for the 1st time. Now let’s see if it close below that low and holds the 20DMA. Its still early on this move. Let’s where the next base builds or not.
Looks like tomorrow will be exciting. Over the weekend Trump announced new tariffs on the EU countries that delay US acquisition of Greenland. Looks like an U&R tomorrow potentially or a complete break down. We’ll see. Miners look like they’ll continue their journey.
