๐๐ฅ$XMR USDT Short Setup: Bearish Rejection at Resistance! ๐ฅ๐๐ Trade
๐ด Entry: $471.93
๐ Stop Loss: $482.68 ๐ก๏ธ
๐ฏ Take Profit: $446.02 ๐ฏ
Monero ($XMR) is facing strong selling pressure ๐จ
Price got rejected from a key resistance zone and has started printing bearish candles, signaling a potential downside move ๐โ ๏ธ
๐ก Technical Insight:
On the 1H chart, XMR shows a Lower High formation near resistance โ๐
Increasing red candle volume confirms bearish momentum ๐ป๐ฅ
As long as price stays below $482.68, the bearish outlook remains valid with downside toward $446 ๐๐
โ ๏ธ Trading Tip:
Privacy coins can be highly volatile โก
Use tight stop loss and avoid emotional trading ๐ง ๐
XMRUSDT
Perp
384.48
-8.01%
๐๐ฅ