$XMR 15-minute drop of 2.47%, current price 591.43. There are two possible scenarios from here:
① If it stabilizes sideways on lower volume and recovers the starting point of the decline → this was most likely a sentiment-driven sell-off.
② If it can’t reclaim that level on a rebound and breaks below the 24h low of 583.67 → weakness may continue.
Personally, I’d wait for signs of stabilization and judge how strong they are. What signals would you wait for before making a move?
#XMR
① If it stabilizes sideways on lower volume and recovers the starting point of the decline → this was most likely a sentiment-driven sell-off.
② If it can’t reclaim that level on a rebound and breaks below the 24h low of 583.67 → weakness may continue.
Personally, I’d wait for signs of stabilization and judge how strong they are. What signals would you wait for before making a move?
#XMR