๐Ÿšจ $XMR โ€” RECORD OPEN INTEREST | SWING SHORT SETUP

Monero is approaching a major resistance zone while Open Interest reaches record levels, raising the risk of a potential liquidation event.

๐Ÿ“‰ Technical Analysis

* Price is testing resistance around $610โ€“$620.
* Potential bearish divergence on the daily chart.
* Record Open Interest signals elevated futures positioning and potential volatility.
* A rejection from resistance could trigger a deeper correction.

๐Ÿ”ด SHORT SETUP
โš™๏ธ Leverage: 2โ€“3x (Isolated)

๐Ÿ“ Entry Zone: $605โ€“$620

๐ŸŽฏ Take Profit Targets

* TP1: $580
* TP2: $550
* TP3: $520
* TP4: $490

๐Ÿ›‘ Stop Loss: $650

๐Ÿ“Œ Trade Management
Consider moving SL to breakeven after TP1. Wait for bearish confirmation before entering, and avoid chasing the price.

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