$XMR is showing a strong bullish structure on the 4H chart, with price continuing to maintain a clear sequence of higher highs and higher lows. The broader move from the $318 area has developed into a sustained recovery, with buyers repeatedly stepping in on pullbacks and pushing price toward new local highs.
The latest move is particularly interesting because XMR has reclaimed the $408–$410 region and is now trading around $444.20. Price recently reached $466.44, proving that buyers still have enough strength to challenge the upper resistance zone. After the rejection from that high, XMR consolidated rather than collapsing, which is generally constructive for the bullish structure.
My setup
Entry: $430–$444
TP1: $466
TP2: $480
TP3: $500
Stop Loss: $415
The immediate level to watch is $466.44. This is the recent swing high and the key breakout point. A clean 4H close above this level could confirm another continuation move and potentially open the door toward $480 and then the psychological $500 area.
The current price action also suggests that the previous resistance around $408–$415 can become an important support region. If XMR pulls back while holding above this zone, buyers may use the retracement to build another higher low before attempting the next breakout.
The setup remains bullish as long as price stays above the $415 invalidation level. Losing this area would weaken the current structure and could send price back toward the lower consolidation zone around $400.
For now, the trend remains firmly in favor of buyers. XMR has already demonstrated strength by recovering from the recent consolidation and returning close to the previous high. Rather than chasing a sudden breakout, a controlled pullback into the entry zone could offer a cleaner risk-to-reward opportunity.
If bulls manage to reclaim $466.44, momentum could accelerate quickly because price would be entering a fresh breakout phase. The next major objectives would then be $480 and $500.
Bullish bias remains active — a clean break above $466.44 could start the next major leg higher.
