🚨 $XMR Clear Downtrend but consolidating near 24h low 442.8
Current Price 445.6 is trading below all major MAs (MA5=463, MA10=469, MA20=470, MA120=473). The short-term MA5 is below longer-term MAs, confirming the downtrend's strength.
Recent candles near the low show lower volume, which could indicate either selling exhaustion or a pause before another leg down. The overall volume profile supports the bearish trend.
Entry short $XMR :
• On a pullback to the 458 - 463 (Lower Bollinger Band / MA5) area, which should act as resistance.
• Alternatively, a break and close below the 442 (24h low) support level can be used for an entry.
Stop-Loss:
• For entry near 458, stop-loss at 475
• For entry on a break below 442, stop-loss at 458
Target Price $XMR
Primary Target: 440 (support zone)
Secondary Target: 424 (lower support)
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