🚨 $XMR is failing exactly where continuation should happen.
🔴 SHORT $XMR
Entry: $331.50 - $332.00
SL: $345.00
TP1: $326.00
TP2: $320.00
TP3: $313.00
Price is struggling to hold above both EMAs after a sharp rejection from the 24h high ($344.90). EMA(20) at $332.27 and EMA(50) at $333.69 are now acting as resistance, with momentum clearly stalling. The structure shows lower highs forming with each bounce attempt getting weaker.
Invalidation is a daily close back above the recent high at $345.00, which would signal genuine momentum.
Are you shorting this rejection or waiting for a clean breakdown?