$XMR I’m interested here because the sharp drop to 690.06 got bought fast, and now price is holding a tight range near 710 instead of rolling back over.

Market read

On the 15m chart, price tagged 751.62, then sold off hard into 690.06. That level is the key swing low. The bounce from it was strong, and since then we’ve been chopping between roughly 700 and 714, with quick wicks getting absorbed. That tells me buyers are active, but sellers are still defending overhead. If we hold above the 700 area, a squeeze back toward the mid range and then the upper resistance is realistic. If 700 breaks clean, the move likely revisits 690 again.

Entry point

EP1 702.0 to 707.0 (dip entry inside the base)

EP2 714.5 to 717.5 (only if we break above the range and hold)

Target point

TP1 727.6

TP2 741.1

TP3 751.6

Stop loss

SL 689.0 (below 690.06, if this breaks the structure is invalid)

How it’s possible

The dump into 690.06 likely cleared stops, then the fast rebound showed real demand. Now price is compressing under resistance, and that usually builds pressure. If buyers keep defending 702 to 707, the market can push to the next clear levels at 727.6 and 741.1. A strong continuation can even retest 751.6, because that’s where the last major sell started.

Let’s go and Trade now $XMR