Bearish momentum is taking over $XMR with sellers keeping the pressure on and the 614 support zone in focus.
Short Trade Setup:
- Entry: 620.16 – 623.26
- TP1: 591.47
- TP2: 567.28
- Stop Loss: 641.96
XMR remains under selling pressure, and a continued rejection from resistance could open the door for another move lower.
Watch out: A strong recovery above resistance could weaken the bearish outlook and invalidate the setup.$XMR
#JobsReportRaisesHikeOdds #WillAnthropicListOnTime #USNovemberMichiganExpectationsIndexPrelimAt50.9 #TradFiForBeginners #USMidtermsCouldShakeUpUS-IranTies
Short Trade Setup:
- Entry: 620.16 – 623.26
- TP1: 591.47
- TP2: 567.28
- Stop Loss: 641.96
XMR remains under selling pressure, and a continued rejection from resistance could open the door for another move lower.
Watch out: A strong recovery above resistance could weaken the bearish outlook and invalidate the setup.$XMR
#JobsReportRaisesHikeOdds #WillAnthropicListOnTime #USNovemberMichiganExpectationsIndexPrelimAt50.9 #TradFiForBeginners #USMidtermsCouldShakeUpUS-IranTies
