$XMR Analysis:
$XMR tapped strongly and was rejected from the resistance area at $641.112 - $648.980. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 4H close below this zone confirms downside continuation.
Open Interest remains heavy at $46.10M with elevated funding (+0.0100%), leaving over-leveraged longs trapped into resistance and susceptible to a liquidation cascade.
🎯 Entry: $638.863 (Zone: $641.112 - $648.980)
🏆 Targets: TP1 $231.485 | TP2 $68.388 | TP3 $-159.9480000 | TP4 HOLD
$XMR tapped strongly and was rejected from the resistance area at $641.112 - $648.980. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 4H close below this zone confirms downside continuation.
Open Interest remains heavy at $46.10M with elevated funding (+0.0100%), leaving over-leveraged longs trapped into resistance and susceptible to a liquidation cascade.
🎯 Entry: $638.863 (Zone: $641.112 - $648.980)
🏆 Targets: TP1 $231.485 | TP2 $68.388 | TP3 $-159.9480000 | TP4 HOLD
