$XMR

The move into support appears to have completed a clear five-wave decline. I’m not fully convinced that price will immediately push toward $2,000, especially with it now sitting near a key support level.

A completed five-wave move typically suggests some form of consolidation around support, and possibly one more low before a clearer direction develops.

At this stage, there isn’t a compelling technical case for long positions. Waiting for stronger structure and confirmation would be the prudent approach.$XMR

XMR
XMRUSDT
328.8
-1.08%

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