$XMR Watch the $576 Liquidity Zone 👀
A $11.76K long liquidation at $576.01 highlights pressure on leveraged buyers. The next move depends on whether price can reclaim nearby supply or continues to form lower highs. A sweep of support followed by a strong recovery could create a potential bullish setup.
Support: $568–$572
Resistance: $582–$590
Next Target: $600, if resistance breaks convincingly
Look for a bullish CHOCH, improving volume, and a confirmed reclaim before expecting continuation. If support fails, downside liquidity may become the next focus.
Trade the structure, not the emotion.
Let's go $XMR 🚀
A $11.76K long liquidation at $576.01 highlights pressure on leveraged buyers. The next move depends on whether price can reclaim nearby supply or continues to form lower highs. A sweep of support followed by a strong recovery could create a potential bullish setup.
Support: $568–$572
Resistance: $582–$590
Next Target: $600, if resistance breaks convincingly
Look for a bullish CHOCH, improving volume, and a confirmed reclaim before expecting continuation. If support fails, downside liquidity may become the next focus.
Trade the structure, not the emotion.
Let's go $XMR 🚀