๐จ $XMR โ COILING LIKE A SPRING, BUT SHORT-TERM BEARS HAVE THE EDGE ๐จ
Monero is stuck in consolidation, and when price goes quiet like this after a strong run, it usually means one violent move is loading. Right now, that pressure favors the downside short-term.
๐ป Volume tells the real story
Latest candles are printing dead volume (last one barely ~178). Thatโs not strength โ thatโs indecision before impact.
The push to $474.71 was backed by real volume (clean, legit rally). This pullback? Not panic selling โ itโs smart money taking profits and letting weak hands shake out.
๐ธ Capital flows = split personality
Short-term (6Hโ24H): Clear outflows (-700K to -1.65M) โ longs closing, stops getting clipped
Higher TF (3Dโ7D): Heavy inflows (+387K to +$10M+) โ big money is still accumulating
Translation? Long-term bullish, short-term vulnerable.
And if youโre trading 1D setups, you respect the short-term weakness or you get punished.
โ ๏ธ My bias: Cautiously SHORT in the near term
๐ฏ Game plan (no guessing, only confirmation):
Ideal short entry: Wait for a push back into $460โ$465 (MA5 resistance zone).
โ If price rejects there (pin bar / bearish close), thatโs your trigger.
Aggressive entry: Daily close below $435.88 (24H low) = breakdown confirmed. Add size.
๐ Invalidation / Stop:
Above $474.71 (recent swing high). If that breaks, bears are wrong โ exit fast.
๐ฏ Targets:
TP1: $414.99 (key support)
TP2: $392โ$395 (old support + 4H MA20 confluence)
๐ Bottom line:
This is not a panic short โ itโs a structure + flow + volume play. Short-term traders hunt the pullback, long-term investors wait below. Different timeframes, different games.
Trade smart. No emotions. No FOMO. ๐๐
#XMR #Monero #CryptoTrading #altcoins #TechnicalAnalysis
