$XMR has seen a strong impulsive move from the 440–450 base, pushing price rapidly toward the 600 area. This move was driven by aggressive buying and expanding participation, which shifted the short-term structure clearly to the upside. After such a fast expansion, price is now cooling off and moving sideways, which is normal behavior after a strong rally.
The important thing now is how price behaves above the broken levels. The zone around 555–565 is the first area where buyers are expected to defend. As long as $XMR holds above this region, the bullish structure remains intact and continuation attempts are possible. This is a pullback-based idea, not a chase near highs.
On the upside, the 595–605 area is still a supply zone where reactions are expected. A clean reclaim and hold above this area would open further upside, while a loss of key support would weaken the setup.
$XMR Scalp Trade Plan
🔼 Long Scalp (Pullback Play)
Entry Zone: 555 – 565
TP1: 590
TP2: 610
Stop Loss: 540
Leverage: 20x – 40x
Margin: 2% – 5%
Risk Management: Book partial at TP1 and move stop to entry
⚠️ Important:
If price fails to hold above 540, this setup is invalid. No chasing entries above resistance. #USNonFarmPayrollReport #CPIWatch #WriteToEarnUpgrade #USJobsData #BTCVSGOLD