$XMR is retesting a major supply zone, and the latest recovery is showing signs of weakening as sellers begin to step in.
Short Setup — $XMR
Entry: 409 – 420
SL: 448
TP1: 400
TP2: 390
TP3: 380
Price has moved back into a resistance area where selling pressure is starting to absorb demand. Buyers are struggling to push the recovery higher, while downside liquidity remains exposed below the recent lows.
If this supply zone continues to hold, $XMR could see another bearish rotation toward the lower liquidity pockets and the listed targets. Manage risk carefully and avoid overleveraging.
DYOR (Do Your Own Research).
Short Setup — $XMR
Entry: 409 – 420
SL: 448
TP1: 400
TP2: 390
TP3: 380
Price has moved back into a resistance area where selling pressure is starting to absorb demand. Buyers are struggling to push the recovery higher, while downside liquidity remains exposed below the recent lows.
If this supply zone continues to hold, $XMR could see another bearish rotation toward the lower liquidity pockets and the listed targets. Manage risk carefully and avoid overleveraging.
DYOR (Do Your Own Research).