🚨 $XMR Clear Downtrend

Formation of lower highs and lower lows on hourly chart confirms bearish structure

RSI: RSI6 (30), RSI12 (32), RSI14 (33), and RSI24 (36) are all in the oversold territory (below 40), indicating strong selling pressure but also potential for a short-term rebound due to oversold conditions.

Capital Flow: Contract net capital flow is negative across multiple timeframes, indicating sustained selling pressure in the futures market. Short-term flows (30m: 579K positive are outweighed by longer-term outflows.

Entry short $XMR : on bounce to 408-412 range, or break below 391 with confirmation

Stop-Loss: 422-425 area (3.5% above entry)

Target Price $XMR :

Primary: 388 (upport)

Secondary: 373 (lower support)

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XMR
XMRUSDT
373.77
-6.52%

#xmr #xmrusdt #monero