$XMR: Post-Hype Analysis & Downside Outlook ๐
Whales have initiated distribution and liquidity withdrawal following the recent hype. The downside trajectory for XMR is not yet complete.
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XMR Short Setup:
Entry: 615 โ 630
SL: Above 690
TP 1: 560
TP 2: 500
TP 3: 460
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This phase marks a slow liquidity drain, distinct from panic selling. Price is expected to gradually bleed lower as late longs capitulate and bid support diminishes. ๐
After its impulsive upward move, XMR exhibits clear signs of distribution. Large players have sold into strength and progressively removed liquidity, leaving the price vulnerable. โ ๏ธ
The current market structure indicates a lower high breakdown. We observe weak bounce attempts and a notable absence of genuine demand stepping in to support the price. ๐
Momentum has decisively shifted from expansion to a controlled sell-off. As long as XMR remains below its previous supply zone, further downside continuation is the higher-probability scenario. ๐
