⚡ $XMR — Volatility Spike After Long Liquidation
$XMR experienced notable volatility with a large long position of $1.3616K at $680.79 getting liquidated, indicating sellers dominated earlier price action. Liquidations of this magnitude often reflect overly leveraged bullish speculators getting stopped out, followed by short-term selling pressure. While the market can overshoot in both directions, XMR’s structure suggests traders should await evidence of a higher low base or strong support before considering fresh longs. If price stabilizes, a rebound toward previous range highs becomes possible, but the risk of retracement remains elevated until buyers absorb recent supply.
Long Entry: 672.00
Position Size: $1.36K
Key Support (Invalidation Zone): 645.00 – 660.00
🎯 TP1: 705.00
🎯 TP2: 748.00
🎯 TP3: 800.00
🛑 Stop Loss: Below 630.00
Focus on support confirmation before aggressive exposure. 📊
#CPIWatch #USJobsData #StrategyBTCPurchase #BTC100kNext? #MarketRebound