Buyers $XMR have nothing to celebrate yet. On 1H, sellers are still dictating terms.
The $613.73 zone is the nearest test. If it breaks, the way opens to $608.85 and $604.28, and if pressure intensifies, to $591.48.
I’m also watching for a retest of $617.48–623.77: a weak bounce and failure to move higher could offer an entry point for a short.
A close above $615.25 will invalidate the bearish scenario.
My strategy: not to try to catch every reversal, but to wait until the price reveals its intentions.
$XMR #CryptoTrading #PriceAction
The $613.73 zone is the nearest test. If it breaks, the way opens to $608.85 and $604.28, and if pressure intensifies, to $591.48.
I’m also watching for a retest of $617.48–623.77: a weak bounce and failure to move higher could offer an entry point for a short.
A close above $615.25 will invalidate the bearish scenario.
My strategy: not to try to catch every reversal, but to wait until the price reveals its intentions.
$XMR #CryptoTrading #PriceAction