🔥 $XMR
Setup – Short-Term Long Idea on the 1H
XMR is still consolidating on the bearish side overall, but the 1-hour chart is starting to show conditions that could support a scalp long if momentum confirms.
What stands out on the chart
Strong rejection near 498.9 (24h high), followed by a breakdown below 470, confirming overhead supply.
However, price is now printing higher lows between 424–440, hinting that a base may be forming.
Repeated long lower wicks beneath 440 suggest buyers are defending that area aggressively.
Volume behavior is constructive: expansion on pushes up, lighter volume on pullbacks, often a sign of quiet accumulation.
Long Execution Plan
Primary entry: 441 – 445 support zone, with bullish reaction and volume confirmation
Secondary entry: Break and hold above 463 (recent swing high) with strong volume
Stop Loss: 427 – 430 zone, aligned with ATR ~12.2
Upside Targets
TP1: 470.7
TP2: 480.6
This is a scalp setup, not a macro reversal call. Patience is key, let volume confirm the entry, and manage risk tightly.
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