I’m telling you clearly that $XMR $616.11 just triggered multiple short liquidations, which means price moved up fast and punished late sellers. They are showing signs of temporary strength, but from my analysis this looks like a squeeze, not fresh accumulation. My search into structure shows resistance overhead, and this is why you need to be careful chasing upside.
EP: 620 – 630
TP: 598 → 575 → 548
SL: 642
What’s the condition here? If XMR fails to hold above 630, downside continuation becomes likely. If you want confirmation, watch for rejection wicks near resistance.
XMRUSDT
Διην.
333.87
+1.48%