🔥 $XMR Current Trend Bullish
Recent 1-hour candles from the low show increasing volume on up-moves (the bullish engulfing candle around 321.6) and decreasing volume on minor pullbacks, suggesting accumulation and a shift in sentiment from bearish to cautiously bullish in the very short term. The price has since recovered above key MAs.
The confluence of price reclaiming short-term MAs, the developing bullish MACD divergence, positive capital inflows on intermediate timeframes, and supportive volume patterns during the rebound from the 24h low outweigh the longer-term bearish context indicated by the MA120. The market is in a consolidation phase with a slight bullish tilt, attempting to challenge near-term resistance.
Entry long $XMR : pullback towards MA20/MA10 confluence zone 325.5- 326.0 USDT
• Aggressive entry could be on a confirmed break and close above resistance 330 USDT
Stop-Loss: at 319.0 USDT (just below the support and the recent swing low consolidation).
Target Price $XMR : resistance 333.8, near the 24h high. Secondary target is 337.3
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