$XMR is absorbing the news of being rejected at the 600 level and is currently consolidating above the key short-term support level. Although there was a pullback, the price is still holding above the stronger structure and is being supported by the rising averages, and this pullback might be a correction in the trend. So, as long as this level is held, another rise is expected.

Entry Zone: 565 – 575

Take-Profit 1: 590

Take-Profit 2: 615

Take-Profit 3: 650

Stop-Loss: 540

Leverage (Suggested): 3–5X

Bias remains positive while price remains above levels of support. Volatility around previous highs can be expected, and trimming profits and prudent risk management are advised.

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