$XMR - SHORT Setup
Entry: 705.75 – 705.85
Target 1: 695.00
Target 2: 690.00
Stop Loss: 710.00
My View:
Price is in a severe daily downtrend (-6.39%) after a massive parabolic rally (+60% in 7D, +240% in 1Y) and is breaking down toward the 24h low. This indicates strong profit-taking and trend exhaustion. The order book is relatively balanced but leaning Ask, with supply building at 705.78 and above. In the context of such an extreme move, a continued correction to test the daily low is the highest probability outcome.
Bias: Bearish below 705.78. Bullish above 710.00.
Disclaimer: My plan. Not advice. Trade your own risk.
XMRUSDT
دائم
375.94
-3.46%