$XMR
After a strong expansion from the 667 area into 720, price pulled back without breaking structure — a constructive sign. The retracement was absorbed, and price is now rotating higher again, keeping the continuation scenario in play.
Market Read:
On the 15-minute chart, the impulsive move into 720 appears to have established a new demand zone around 699–702. Price has already reacted from this area and is now trading back toward the upper range.
As long as 699–700 holds, a retest of 720 remains likely, with potential extension into the next resistance pocket. A clean loss of this support would shift the setup into a deeper correction.
Trade Framework:
• Entry Zone 1: 699.50 – 702.50 (support retest)
• Entry Zone 2: 710.50 – 713.50 (only on acceptance higher)
Upside Levels:
→ 711.00
→ 720.00
→ 722.60
Invalidation:
Below 694.80 — loss of the base and structural failure.
The idea is simple: the impulse into 720 created demand. If buyers continue defending the base, price can grind higher toward range highs and liquidity above. If the base fails, step aside.