Currently, XMRUSDT is still in a bearish trend. The following strategies can be considered:
Short Selling Strategy (Trend Following):
• Entry Condition: If the support at 229.22 USD is broken, and the 15-minute candlestick closes below it, a short position can be considered.
• Target Level: For the short term, look towards the 225-226 USD area. If it breaks below, further targets can be set at 220 USD.
• Stop Loss Level: Set above 231 USD to prevent being stopped out by a rebound.
Long Strategy (Betting on a Rebound):
• Entry Condition: If the price stabilizes around 229 USD, and a volume rebound occurs on the 15-minute candlestick (e.g., a long lower shadow or a bullish engulfing pattern).
• Target Level: For the short term, look towards 232-235 USD. If it breaks above, further targets can be set at 238 USD.
• Stop Loss Level: Set below 227 USD to prevent further declines.
#XMRUSDT