XMR wasps assert their dominance! Has the ascent party come to an end? 📉
After the recent "pump" and reaching historical peaks, Monero (XMR) has failed to maintain its upper levels. Sellers (Bears) are now intervening strongly, and technical indicators provide a clear "sell" signal with a break of local support areas.
📉 Details of the SHORT trade:
Entry point: 595 – 605 * **Stop loss (SL):** 626.04 (necessary protection above the mini peak).
🎯 Desired targets (TP):
First target: 564 $ 📉
Second target: 541 $ 🚀
Third target: 518 $ 🔥 (main support area)
After the recent "pump" and reaching historical peaks, Monero (XMR) has failed to maintain its upper levels. Sellers (Bears) are now intervening strongly, and technical indicators provide a clear "sell" signal with a break of local support areas.
📉 Details of the SHORT trade:
Entry point: 595 – 605 * **Stop loss (SL):** 626.04 (necessary protection above the mini peak).
🎯 Desired targets (TP):
First target: 564 $ 📉
Second target: 541 $ 🚀
Third target: 518 $ 🔥 (main support area)
