$XMR HAS NEARLY 2X’d SINCE JULY—IS THIS PULLBACK THE NEXT OPPORTUNITY?
Monero has been one of the strongest charts lately: from roughly $305 in July to a high near $622, with higher highs and higher lows the entire way. Price is now around $593, pulling back from that high.
The trend is clearly bullish but after a move this extended, I’m not chasing. I want a controlled pullback or a confirmed breakout.
Trade setup traders are watching
🟢 Pullback entry: around $575, only if the $570–$585 support zone holds
🛑 Invalidation: a clean break below $548
🎯 TP1: $620 — retest of the recent high
🎯 TP2: $650 — continuation projection into price discovery
From a $575 entry:
Risk: about 4.7% to invalidation
TP1: about 7.8%, or roughly 1.7R
TP2: about 13.0%, or roughly 2.8R
Figures exclude fees and slippage.
Breakout alternative
If XMR does not pull back, watch for a daily close and hold above $622, followed by a successful retest. Above that level, there is little recent chart history so momentum and volume become more important than old resistance.
⚠️ The daily candle is not closed yet. I’m not entering just because price is green or red near the highs.
❌ If $548 breaks, there is no trade. I wait for the next clean structure.
👇 Would you buy the pullback toward $575, or wait for a confirmed breakout above $622?
#XMR #Monero #cryptotrading #TradingSetup