Monero is testing a key resistance after a sharp bounce, and the market is eyeing a pullback. Liquidity is thinning as sellers line up near the 150-day EMA.
🔴 $XMR SHORT 📉 — Trade Plan
• Entry: $591.2482 – $592.4318
• Stop: $609.5952 (-3.0%)
• Target 1: $582.9624 (+1.5%)
• Target 2: $562.2480 (+5.0%)
• R/R 1:1.7 | Confidence 65%
The price just broke a higher low, flipping the structure into a CHoCH, and the CVD turned negative, confirming bearish pressure. A fresh fair value gap sits right above the breakout, overlapping an order block that serves as a POI, giving a tight confluence.
A 3% stop is relatively tight on this volatility, so keep leverage at or below 5×.
Take half the position off at the first target to lock in early gains.
Not financial advice — always manage your own risk 🙏
$XMR #XMRUSDT #THORChain #TradingSignals #Write2Earn
🔴 $XMR SHORT 📉 — Trade Plan
• Entry: $591.2482 – $592.4318
• Stop: $609.5952 (-3.0%)
• Target 1: $582.9624 (+1.5%)
• Target 2: $562.2480 (+5.0%)
• R/R 1:1.7 | Confidence 65%
The price just broke a higher low, flipping the structure into a CHoCH, and the CVD turned negative, confirming bearish pressure. A fresh fair value gap sits right above the breakout, overlapping an order block that serves as a POI, giving a tight confluence.
A 3% stop is relatively tight on this volatility, so keep leverage at or below 5×.
Take half the position off at the first target to lock in early gains.
Not financial advice — always manage your own risk 🙏
$XMR #XMRUSDT #THORChain #TradingSignals #Write2Earn