I went short on $XMR because the price is now very close to its historical maximum. This is the level where many traders start selling and taking profits.

The coin has been stuck at the same level for quite some time and can't go higher. This means buyers are gradually losing strength. There are almost no new buyers from above who could push the price even higher.

In such a situation, a pullback downward often occurs — the price starts to decline to find new support. This is exactly what the short position is based on.

I don't open the position all at once but gradually — this reduces risk. If the market moves against the scenario, the loss will be limited.

👉 In short:

price is high → growth has stalled → likely downward move.

XMRUSDT

Perp

387.98

+3.08%