🚨 $XMR Bearish Consolidation, I'd Short on break below 515
• Price failed to break above 535.7 (24h high) with rejection patterns visible in recent candles
• Higher low formation at 500 provides temporary support structure
• Multiple tests of 515-520 zone creating potential resistance cluster
• Recent candles show declining volume during price advances (last 4 candles: 12.8k, 17.5k, 9.8k, 7.3k), indicating weak buying interest.
• Capital Flow: Recent 15m inflow (127k) appears as isolated counter-trend movement.
Entry short $XMR :
• Immediate short entry below 515 (break of immediate support)
• Alternative entry on retest of 525-528 resistance zone with rejection pattern
Stop Loss: 530.5, considering ATR of 8.32
Target Price $XMR : 491.5 (Support level)
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Monitor for break of support 506.7 for confirmation of bearish momentum. #xmr #xmrusdt #monero