🔥 $XMR – Bearish Structure, but Oversold (1H Contrarian Setup)
$XMR is still trading within a broader bearish structure, but short-term conditions are becoming oversold, opening the door for a possible counter-trend bounce on the 1H timeframe.
Technical Overview:
• Price has faced repeated rejection from the 520–525 resistance zone, confirming seller control at higher levels.
• A potential double-bottom structure is forming around the 480–490 area, where buyers have started to defend.
• Recent candles show hammer-style reactions, signaling demand at lower prices.
• The trend continues to print lower highs since the rejection near 650.
• Momentum indicators (KDJ, Bollinger %B) are deeply oversold, while RSI divergence hints at weakening downside pressure.
Volume Insight:
Selling waves are coming with declining volume, suggesting that bearish momentum is losing strength and sellers may be getting exhausted.
📈 Levels to Watch (Long Bias – Tactical):
• Entry Zone: 499 – 504 (support confluence)
• Invalidation: Below 480 (recent swing low)
🎯 Upside Zones:
• First resistance near 525
• Next resistance around 542
This remains a short-term contrarian idea, not a full trend reversal.
👇 Trade responsibly
Cheers! 🍻
$XMR
A clean move below 480 would invalidate this idea and point toward a continuation move into the 460 support area.
$XMR