🔥 $XMR : Bullish Consolidation Primed for Breakout
Monero ($XMR ) is showing strong recovery signs after a volatile swing. The 1-hour chart confirms a steady uptrend with consistent higher highs and higher lows since bottoming near 321. Currently, the price is consolidating near the 344 resistance, gathering momentum for the next move.
📈 Trade Setup
Bullish Bias: Market structure remains intact above the 321 low.
Entry (Pullback): 339.0 – 339.5 USDT (Key support zone).
Alternative Entry: Breakout above 344.0 – 345.5 USDT with high volume.
Stop-Loss: ~328.0 (Below the recent swing low).
Targets: 348.0 — 352.0 USDT.
💡 Market Insight
The tight consolidation at the 24-hour high suggests that selling pressure is being absorbed by buyers. A clean break above 345 could trigger a fast move toward the 350+ psychological level. [4]
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