🚨 $XMR Approaching Major Supply — Short Bias Active

After a strong upside run, XMR tapped into a heavy resistance zone, and upside momentum is starting to fade. On lower timeframes, price is showing clear rejection at the highs, with buying pressure getting absorbed — a classic sign of potential distribution rather than continuation.

As long as this supply zone holds, a pullback looks more likely than further upside. Risk is clearly defined, and the setup favors patience and discipline.

SHORT $XMR Setup:

• Entry: 715 – 727

• Stop Loss: 755

• TP1: 680

• TP2: 640

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XMR
XMRUSDT
679.96
-2.24%