đ„$XMR Bearish, I'd Consider short positions on bounces, but avoid aggressive entries due to oversold conditions
Contract net outflow is significant across all timeframes (-2.05M in 1H, -6.91M in 24H), indicating sustained selling pressure from leveraged positions. The consistent outflows align with the price decline.
Entry $XMR :
âą For short entries: Wait for a pullback to the 513-517 USDT zone (near MA5 and MA10) to improve risk-reward.
âą For long entries (speculative): Only consider if price holds above 488.76 USDT (24h low) with a bullish reversal candle and increasing volume.
Stop-Loss :
âą For shorts: 530-537 USDT if entering at 513-517
âą For longs: 465-470 USDT if entering near 490
Target Price $XMR
âą Short target: 483.83 USDT (Support), with a potential extension to 475 USDT
âą Long target (if reversal confirms): 523.07 USDT (Resistance)
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