๐จ $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.
๐ 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.
๐ด SHORT SETUP
โ๏ธ Leverage: 2โ3x (Isolated)
๐ Entry Zone: $605โ$620
๐ฏ Take Profit Targets
* TP1: $580
* TP2: $550
* TP3: $520
* TP4: $490
๐ Stop Loss: $650
๐ Trade Management
Consider moving SL to breakeven after TP1. Wait for bearish confirmation before entering, and avoid chasing the price.
#XMR #Monero #TradeWithYota #FutureTradingSignals #Futures_Signals
Monero is approaching a major resistance zone while Open Interest reaches record levels, raising the risk of a potential liquidation event.
๐ 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.
๐ด SHORT SETUP
โ๏ธ Leverage: 2โ3x (Isolated)
๐ Entry Zone: $605โ$620
๐ฏ Take Profit Targets
* TP1: $580
* TP2: $550
* TP3: $520
* TP4: $490
๐ Stop Loss: $650
๐ Trade Management
Consider moving SL to breakeven after TP1. Wait for bearish confirmation before entering, and avoid chasing the price.
#XMR #Monero #TradeWithYota #FutureTradingSignals #Futures_Signals