$XMR $XMR 1h | Technical Outlook
- I expect the price to remain bullish as long as it holds above the 310.50–311.62 support area. If there is a return to this level and a bullish pattern forms, a long trade toward 316.95 and then 324.26 is favored 🚀.
- Example scenario: Wait for a dip to the 311.62–310.50 support, look for a bullish engulfing or pin bar on the 15m or 5m chart, or a clear liquidity sweep below 311.62, then enter long. Target 316.95 first, then 324.26 if momentum continues. Stop-loss should go just below 310.50 swing low.
- If the price closes below 310.50 with momentum, the bullish scenario is invalid and I would wait for price action near 306.40 or even 302.31 before reconsidering longs.
- For shorts, only get interested if there is clear manipulation above 316.95–318 and a sharp reversal with heavy selling pressure. Confirmation would be a double top, bearish engulfing, or lower timeframe breakdown.
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