📊 XMR Technical Analysis & Setup
XMR is showing subtle relative strength with a 4h bullish divergence against BTC despite a short-term 1h bearish trend. This sets up a high-reward counter-trend bounce opportunity if key liquidity levels are swept.
• Key Support / Demand: 594, 588 area, with a strict focus on a sweep below the 588.54 low.
• Resistance / Supply Targets: 597.99, 600 (partials), 609 (main FVG target), with secondary targets at 611.6, 615.6, and 626.6.
• Trigger / Confirmation: Look for a strong rejection candle, long wick, bullish engulfing, or lower-timeframe structure shift off the sweep.
• Risk / Invalidation: Place protection below the 588.54 lower low. Bias is invalidated if price closes above 605.10 without first sweeping the lows.
• Market Execution: OI at $53.6M (-3.4%) with positive funding (+0.0629%) and a 1.10x taker ratio. Prioritize risk management during counter-trend setups.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #XMR #Trading
$BTC
XMR is showing subtle relative strength with a 4h bullish divergence against BTC despite a short-term 1h bearish trend. This sets up a high-reward counter-trend bounce opportunity if key liquidity levels are swept.
• Key Support / Demand: 594, 588 area, with a strict focus on a sweep below the 588.54 low.
• Resistance / Supply Targets: 597.99, 600 (partials), 609 (main FVG target), with secondary targets at 611.6, 615.6, and 626.6.
• Trigger / Confirmation: Look for a strong rejection candle, long wick, bullish engulfing, or lower-timeframe structure shift off the sweep.
• Risk / Invalidation: Place protection below the 588.54 lower low. Bias is invalidated if price closes above 605.10 without first sweeping the lows.
• Market Execution: OI at $53.6M (-3.4%) with positive funding (+0.0629%) and a 1.10x taker ratio. Prioritize risk management during counter-trend setups.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #XMR #Trading
$BTC
