#XMR has already hit the expected target below 500 US dollars, just falling near the previous breakout point of 480 US dollars. After the rebound, this position indeed played a supporting role. The price once tried to return to the previously lost 560 US dollars trend support level, but failed.

Once the 560 level is broken, it essentially declares the end of this rising trend. Before it can return to that level, the market is likely to be in a range-bound oscillation or continue to move downwards. Even if it can truly reclaim 560 later, it does not necessarily mean it can return to the previous high, but at least it will create space for the price to sweep the resistance zone above 600–650 US dollars, while the trend matrix will also turn green again. If it really goes this way, the short-term structure will be bullish.

On the other hand, if the breakout support level of 480 US dollars is lost, then the pullback trend has not yet finished, and the first liquidity target will likely go to the 440–460 US dollars range.

The ideal script for bulls is clear: first stabilize above 480 → then reclaim the 560 trend support → sweep up to 650 → and then challenge the previous high.

If a position has not yet been established, then oscillating back and forth between these key ranges is essentially just a sideways market, with little trend value.