$XMR USDT Perpetual Market Overview – Rebound Developing After Deep Correction
Trade Setup (Rebound / Continuation Bias)
Entry Zone: 505 – 520
Targets:
• Target 1: 535
• Target 2: 560
• Extended Target: 590 – 600
Stop-Loss: Below 480
$XMR saw a strong sell-off from the 596 high, driving price into the 480.40 low where buyers stepped in aggressively. The bounce that followed was steady rather than impulsive, with price now holding around the 515–525 zone. This suggests selling pressure has been absorbed and downside momentum has slowed after the flush.
From a trading-view perspective, price is consolidating above the recovery base. The 495–505 region is acting as short-term demand. Holding above this zone keeps rebound potential intact, while a breakdown below 480 would invalidate the setup and shift structure back into consolidation.