๐ $XMR Bearish Setup: Upside Exhausted ๐
It looks like **$XMR ** is hitting a massive wall of supply! The momentum is fading fast, and the bulls are running out of steam. ๐โจ
**The Trade Plan:** * **Short Entry:** 640 โ 650 ๐
* **Stop Loss (SL):** 675 ๐ก๏ธ
* **Take Profit 1 (TP1):** 615 ๐ฐ
* **Take Profit 2 (TP2):** 585 ๐๐ฅ
**The Analysis:**
Monero pushed right into a major resistance zone but failed to hold ground. ๐ โโ๏ธ Every attempt to bounce looks weak and corrective, with heavy sell orders absorbing all the buying pressure. ๐งฑ The market structure feels incredibly heavyโas long as we stay capped under this level, the path of least resistance is definitely down! ๐๐ป
XMRUSDT
ุฏุงุฆู
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