đš $XMR â RECORD OPEN INTEREST | SWING SHORT SETUP
Monero is approaching a major resistance zone while Open Interest reaches record levels, raising the risk of a potential liquidation event.
đ Technical Analysis
* Price is testing resistance around $610â$620.
* Potential bearish divergence on the daily chart.
* Record Open Interest signals elevated futures positioning and potential volatility.
* A rejection from resistance could trigger a deeper correction.
đŽ SHORT SETUP
âïž Leverage: 2â3x (Isolated)
đ Entry Zone: $605â$620
đŻ Take Profit Targets
* TP1: $580
* TP2: $550
* TP3: $520
* TP4: $490
đ Stop Loss: $650
đ Trade Management
Consider moving SL to breakeven after TP1. Wait for bearish confirmation before entering, and avoid chasing the price.
#XMR #Monero #TradeWithYota #FutureTradingSignals #Futures_Signals
Monero is approaching a major resistance zone while Open Interest reaches record levels, raising the risk of a potential liquidation event.
đ Technical Analysis
* Price is testing resistance around $610â$620.
* Potential bearish divergence on the daily chart.
* Record Open Interest signals elevated futures positioning and potential volatility.
* A rejection from resistance could trigger a deeper correction.
đŽ SHORT SETUP
âïž Leverage: 2â3x (Isolated)
đ Entry Zone: $605â$620
đŻ Take Profit Targets
* TP1: $580
* TP2: $550
* TP3: $520
* TP4: $490
đ Stop Loss: $650
đ Trade Management
Consider moving SL to breakeven after TP1. Wait for bearish confirmation before entering, and avoid chasing the price.
#XMR #Monero #TradeWithYota #FutureTradingSignals #Futures_Signals