๐จ Technical Analysis for Coin $XMR | 4-Hour Frame
๐น Current Price: $118.70 ๐ (-8.18% over 24h)
โ Clearly moving within a downward trend, consistently forming lower highs and lower lows, confirming the sellers' grip on the overall direction.
โ A clear break of previous support levels with accelerating negative momentum, reflecting the weakness of any genuine rebound attempts so far.
โ The zone of $110.39 โ $100.46 represents major support/demand.
โ Trading below the 50 level at 46.22, indicating weak current momentum.
๐ผ Bullish Scenario (Upside):
In the case of holding and breaking above $133.22
๐ฏ $138.26 โ $146.36 โ $155.30
๐ฝ Bearish Scenario (Downside):
If it breaks $115.14 with a 4-hour close
โ $110.39 โ $100.46 โ $88.40
๐ Note: Any rise towards resistance areas is considered a correction within the downward trend unless broken and held above.
$XMR #XMR
๐น Current Price: $118.70 ๐ (-8.18% over 24h)
โ Clearly moving within a downward trend, consistently forming lower highs and lower lows, confirming the sellers' grip on the overall direction.
โ A clear break of previous support levels with accelerating negative momentum, reflecting the weakness of any genuine rebound attempts so far.
โ The zone of $110.39 โ $100.46 represents major support/demand.
โ Trading below the 50 level at 46.22, indicating weak current momentum.
๐ผ Bullish Scenario (Upside):
In the case of holding and breaking above $133.22
๐ฏ $138.26 โ $146.36 โ $155.30
๐ฝ Bearish Scenario (Downside):
If it breaks $115.14 with a 4-hour close
โ $110.39 โ $100.46 โ $88.40
๐ Note: Any rise towards resistance areas is considered a correction within the downward trend unless broken and held above.
$XMR #XMR