$XMR update:
The recent move into support looks like it completed a clean five-wave structure. That usually signals at least some consolidation around this level.
I’m not fully convinced we see an aggressive extension toward $2,000 from here — especially with price sitting right on a key support zone.
What I’d prefer to see:
• Clear consolidation
• Maybe one more sweep of the lows
• Stronger structural confirmation
A five-wave decline often leads to a pause or corrective phase before the next decisive move.
Right now, I don’t see a high-probability long setup. Patience > forcing entries.
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