I took a Short position on XMR because the price has reached a strong resistance area at 504.33 and formed a rejection with a long upper wick, indicating significant selling pressure at that level. This condition is reinforced by the RSI(6) indicator, which has already touched 86.42, signaling an extreme overbought (severely overbought) status, as well as the large distance between the price and the EMA(99) (446.02), increasing the likelihood of a technical correction (mean reversion) to balance the already too-steep upward trend. #USNonFarmPayrollReport #xmr #USTradeDeficitShrink