As a seasoned retail investor, when I see a move like $XMR breaking above its six-month high on heavy volume, I usually pay less attention to the day itself and more to the following day.
The reason is simple: everyone can see that trading volume was 2.7 times the usual level that day. A genuine breakout will often still hold above 637.26 the next day, while a failed one quickly falls back below it.
The current price is 647.34. I’ll make a note of it for now and check back in a day or two. Let’s keep an eye on what happens next.
The reason is simple: everyone can see that trading volume was 2.7 times the usual level that day. A genuine breakout will often still hold above 637.26 the next day, while a failed one quickly falls back below it.
The current price is 647.34. I’ll make a note of it for now and check back in a day or two. Let’s keep an eye on what happens next.