Marco is the Chief Research Officer at SwissBorg, a wealth management platform bringing universal access to crypto assets. Previously, he was a hedge fund manager in London, UK with a focus on systematic strategies, he worked in Investment Banking in his early career and completed his business studies at ESADE in Barcelona.
Opening a fresh long position in Monero at current levels may not be a wise decision for non-experienced traders.
I would avoid it for the time being as the trend is under threat. [Monero is] mildly bullish if above $100 and bullish if we close above $120 as that level represents a strong resistance.