$XMR 3.28 Dayong's Evening Thoughts:
1H level pullback to EMA20 support is effective, with prices repeatedly testing around 324. The 4-hour Bollinger Band lower edge and the 1-hour moving average dense area create a resonance support, with deep buying strength, and thick orders below around 324.2. MACD 1-hour level histogram is contracting, and bearish momentum is weakening.
Operation Suggestions:
Entry/Order: Ambush in the range of 320.8 - 321.6
Stop Loss: 313.6
Target 1: 353.5
Target 2: 369.5
Trade Management:
- Execution Strategy: Reduce half of the position after the price reaches the first target, and move the stop loss of the remaining position to the entry price. If the price cannot stabilize above 325, consider exiting part of the position early.
Position size remains stable, and the absence of large-scale liquidations during price declines indicates that it is not a panic sell-off. The 1-hour RSI has risen from a low position to around 45, indicating that momentum is repairing. The current risk-reward ratio exceeds 4, making this position worth taking a limited risk to bet on a bullish rebound. Market data shows that selling pressure is clearly sparse above 324.4, and once this threshold is broken, the resistance above is weak.
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