$XMR / Monero
Reached the expected sub-$500 target, landing right at the prior breakout point around $480. Acted as support on the bounce.
Price attempted to reclaim the ~$560 trend support it lost, but fell short. That level invalidated the uptrend when it broke, and until it's recaptured, this chart ranges or continues lower.
Even if $560 gets reclaimed, it doesn't guarantee a return to the highs. But it would set up a potential sweep of the $600–$650 overhead resistance and flip the trend matrix green again. Short-term bullish if that happens.
Lose the $480 breakout support and the corrective wave continues. First liquidity target would be the $440–$460 zone.
Ideal scenario for bulls: consolidate above $480, reclaim $560 trend support, sweep $650, then challenge the highs
