$XMR ~ XMR Bearish Bias Trade Setup:
This replicates the provided XMR chart pattern: price forming lower highs/lows below declining EMAs on 4H timeframe, indicating seller control and distribution.
Market Bias:
XMR trades around $447 after dropping from $465 highs, with EMAs sloping down and price printing lower lows, confirming bearish structure amid recent volatility.Recent data shows closes near $446-459, aligning with downtrend continuation.
Entry Zone:
Short at 444-450, on pullback to upper EMA resistance where sellers previously printed firm rejections.
Targets:
TP1: 434
TP2: 423
TP3: 404
Stop Loss:
Set at 470, above recent high and EMA cluster to invalidate bullish reclaim.
Trade From Here 🫴 $XMR
XMRUSDT
Perp
483.88
+10.27%