$XMR just saw a short liquidation of $5.9365K at $425.92. This pullback is healthy, allowing the market to shake out weak shorts and consolidate before pushing higher. I’m watching this level closely because it could serve as a strong base for buyers.

Trade Setup:

Entry Zone: $423–$427

Target 1: $435

Target 2: $445

Stop Loss: $418

This zone is strong as it coincides with previous support from early December and aligns with the 0.618 Fibonacci retracement of the recent down move. The reaction here has been steady, and if this level holds, they’re building strength for the next upward leg.