$XMR #XMR 📉
Direction: SHORT
Entry zone: 550 to 556
Stop loss: 568
Target 1: 535
Target 2: 520
Monero is trading near 551.89 dollars, down 7.53 percent in 24 hours, the weakest coin in the top 50 today, inside a range of 541.75 to 603.97 dollars, and the recent closes show sellers pressing lower, 555.93, then 550.22, then 544.83, then 548.03, then 547.99. 🔴 My reading is that XMR is in a clear down move, because a 7.5 percent drop with lower closes into CPI is momentum, not noise, and the coin has already given back most of its recent run. A short from the current zone, with a stop above 568, targets 535 first and then 520 if sellers break the 24 hour low. A push above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Monero break 535 first, or bounce back above 568? 🤔
Follow for more trades.
#Monero #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 550 to 556
Stop loss: 568
Target 1: 535
Target 2: 520
Monero is trading near 551.89 dollars, down 7.53 percent in 24 hours, the weakest coin in the top 50 today, inside a range of 541.75 to 603.97 dollars, and the recent closes show sellers pressing lower, 555.93, then 550.22, then 544.83, then 548.03, then 547.99. 🔴 My reading is that XMR is in a clear down move, because a 7.5 percent drop with lower closes into CPI is momentum, not noise, and the coin has already given back most of its recent run. A short from the current zone, with a stop above 568, targets 535 first and then 520 if sellers break the 24 hour low. A push above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Monero break 535 first, or bounce back above 568? 🤔
Follow for more trades.
#Monero #Crypto #FuturesTrading #TradingSignals
