🚨 $XMR Clear Downtrend, with potential for short-term bounce
• Current price (441.1) is trading below all major Moving Averages (MA5=457.9, MA10=455.6, MA20=460.1, MA120=468.7). This is a clear bearish alignment, indicating sustained selling pressure across all timeframes.
• Recent candles show lower volume on small bounces, indicating a lack of strong buying interest—a classic sign of a weak market.
Entry short $XMR : ideal entry would be on a pullback towards a key resistance level at 465.0 or MA5 458.0, which would offer a better risk-reward ratio. The current price is too close to the support zone. A break and close below support 439.2 could be used for a continuation short.
Stop-Loss: if shorting at 465.0, stop-loss at 479 (just above the 24h high).
Target Price $XMR : at 426.8 (support level)
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