๐ฅ $XMR ON FIRE โ BUT DONโT FOMO JUST YET ๐ฅ
Monero just went verticalโฆ and now itโs catching its breath.
Letโs break it down ๐
๐ What Just Happened?
$XMR has absolutely exploded:
๐ +22.73% in the last 24 hours
Bulldozed through multiple resistance levels
Trading at 596.14 USDT on XMRUSDT Perp (+24.37%)
This wasnโt a slow grind โ this was a momentum blast ๐ฅ
๐ฏ๏ธ Price Action Tells a Story
Latest candle = doji near the highs
Volume on that candle dropped sharply
Market looks like itโs pausing for air
๐ Stretch metrics are flashing:
Distance from daily low: +18.8%
Distance from daily high: only 1.92%
๐ Translation: positions are extended, late longs are vulnerable.
๐ Volume Check
During the push:
Bullish candles printing ~80K USDT volume
Strong confirmation of momentum
But the most recent candle?
๐ Volume fell to ~51K USDT
Thatโs often the first sign of: โ ๏ธ Momentum cooling
โ ๏ธ Early profit-taking
โ ๏ธ Potential pullback setup
๐ฐ Money Flow Snapshot
Capital is still flowing in โ and thatโs key:
๐ข +14M USDT (24h)
๐ข +7M USDT (4h)
๐ข +2.6M USDT (1h)
BUT ๐
๐ด -665K USDT in last 5 minutes
That tiny outflow screams short-term profit-taking, not trend reversal.
โ ๏ธ Indicators Are HOT
๐ฅ RSI above 90 (extreme overbought)
๐ Price riding above upper Bollinger Band
This doesnโt mean bearish โ it means: ๐ Upside is harder short-term ๐ Risk/reward improves on a dip
๐ฏ Trade Plan (1H Timeframe)
๐ข Long Entry โ Best Setup
โก๏ธ Wait for a pullback to 565โ575 USDT
That zone lines up with MA5 dynamic support
๐ก Aggressive traders:
Small starter long OK only if candle closes strong
Size up on the dip, not at the top
๐ Stop Loss
Around 565 USDT
~3.5% downside
Clean invalidation if MA5 breaks
๐ฏ Targets
TP1: 619.55
TP2: 651.96 (if momentum reignites)
๐ง Final Take
The trend is still bullish: โ๏ธ Strong inflows
โ๏ธ Explosive momentum
โ๏ธ Buyers clearly in control
Butโฆ โ ๏ธ RSI is screaming
#XMR #XMRUSDT #Monero #CryptoTrading #Perpetuals