$XMR The move down into support appears to have completed a five-wave structure. I’m not fully convinced that price will extend toward $2,000, especially with it now sitting near a key support level. I’d like to see more structure develop before ruling out any scenario.
Typically, a clear five-wave decline suggests some form of consolidation around support, possibly with one more low before a clearer direction takes shape. At the moment, I don’t see a strong technical setup that justifies taking long positions
