đ„ $XMR XMR Market Update
Trend: Bullish, but currently consolidating near a key resistance zone.
Recent candlestick (K-line) data shows rising volume on upward moves, which supports ongoing bullish momentum. However, the latest candle printed with lower volume, suggesting short-term consolidation before the next move.
đ° Capital Flow:
Net contract fund flows remain positive on lower timeframes:
âą 1H: +72K
âą 4H: +134K
This indicates continued bullish sentiment from short-term traders.
đ Trade Bias: Cautiously Long â due to price being close to resistance and the recent dip in volume.
đą Long Entry Zones:
âą Near support around $327.6
âą Or on a confirmed breakout above $360.5 with strong volume
đŽ Stop Loss:
~3% below entry (Example: Entry at $340 â SL at $329)
đŻ Targets:
âą $360 â Initial resistance
âą $378 â Secondary resistance
Stay patient and watch volume for confirmation before entries. đ
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