As the market shifts, keeping a close eye on structural changes is the key to timing your moves.

On the hourly chart, $XMR is currently exhibiting a textbook bearish structure with the formation of consistent lower highs and lower lows.

Here is my updated take on the Monero setup, formatted for your latest update.

Monero ($BTC XMR) Technical Deep Dive

The Bearish Case

The overall structure remains heavy. After failing to maintain the $420 level, $XMR has entered a distribution phase. The hourly trend is clearly down, and the capital flow data confirms that long-term outflows are still overpowering the minor short-term buying we saw in the 30-minute window.

Indicators at a Glance

RSI Cluster: RSI6 through RSI24 are all hovering below 40. While this confirms intense selling pressure, it also puts us in "coiled spring" territory—a short-term relief rally (rebound) is highly likely before the next leg down.

Capital Flow: Negative net flow in the futures market suggests that large players are still positioning for lower prices, despite the $579K positive blip in the 30m timeframe.

Trading Strategy: The Short Setup

Based on the current breakdown, I am looking at two primary entry scenarios to capitalize on this bearish momentum.

Target Prices. #WhenWillBTCRebound

Target 1 (Primary): $388 – Key psychological and technical support.

Target 2 (Secondary): $373 – Major support level where we expect significant buy orders.

Trader's Note: Pay close attention to the $ETH 412 level. If $XMR recovers this on high volume, the bearish structure is invalidated. $BNB

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