🚨 BEARISH PRESSURE BUILDS AS $XMR REVISITS CRITICAL 1H RESISTANCE! 📉
Entry: 498.48 - 499.57 🔻
Target: 479.76 📉
Stop Loss: 504.45 🛑
📌 Sellers are establishing heavy overhead supply around the 499 level as $XMR retests the distribution block on the 1H timeframe. While the higher timeframe structure remains heavily skewed to the downside, lower timeframe price action still requires patience before commitment. 📊
💡 Stalking this zone closely on the watchlist until sellers print a clear rejection signal. A clean breakdown toward the final target at 479.76 opens up a massive 3.55R opportunity once confirmation triggers. 💬 Are you waiting for the 15M confirmation before hitting sell, or letting price develop further? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #XMR #ShortSetup #Monero #CryptoTrading
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Entry: 498.48 - 499.57 🔻
Target: 479.76 📉
Stop Loss: 504.45 🛑
📌 Sellers are establishing heavy overhead supply around the 499 level as $XMR retests the distribution block on the 1H timeframe. While the higher timeframe structure remains heavily skewed to the downside, lower timeframe price action still requires patience before commitment. 📊
💡 Stalking this zone closely on the watchlist until sellers print a clear rejection signal. A clean breakdown toward the final target at 479.76 opens up a massive 3.55R opportunity once confirmation triggers. 💬 Are you waiting for the 15M confirmation before hitting sell, or letting price develop further? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #XMR #ShortSetup #Monero #CryptoTrading
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