$XMR – Heavy Sell-Off, Watching for Base Formation
Price is trading around $565.16, down -9.26% in the last 24 hours. The market saw a sharp breakdown from the $620–640 supply zone, followed by strong bearish momentum that pushed price into the $560 support area. On the 1H chart, selling pressure remains dominant, though price is starting to slow after the impulsive drop.
This is not strength yet this is a potential stabilization zone after capitulation.
Trade Setup (High Risk – Counter / Relief Bounce Play)
• Entry Zone: 555 – 565
• Target 1 🎯: 585
• Target 2 🎯: 605
• Target 3 🎯: 630
• Stop Loss: 548
A clean hold above $560 followed by a reclaim of $585–590 can trigger a relief bounce toward higher resistance levels.
Failure to hold $560 opens the door for continuation lower.
#USJobsData #BinanceHODLerBREV #BTCVSGOLD #StrategyBTCPurchase #MarketRebound