Currency $XMR (Monero) is now testing a very strong support area. The king of privacy is currently in a consolidation phase after a significant drop, and the chart shows signs of an upcoming price explosion resembling a spring. If this support holds, we might see a rocket launch towards the previous peaks.
Reason: The price is currently touching the bottom of a historical support area. Selling pressure has begun to decrease, which means buyers are starting to regain control. This trade offers a very high profit compared to the minimal risk in case the support breaks downwards.
Reason: XMR is sitting at a very strong historical support level. The chart shows it is repeating a "bullish channel" pattern that previously caused a massive price jump. As long as it stays above $310, the big move up to 180% is the primary goal.
Is Monero ready to start its biggest rally of 2026? 🚀🌕
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Targets: First target: $0.09013 Second target: $0.08950 Third target: $0.08880
Stop loss: $0.09160
📊 Technical outlook: • The trend on smaller time frames is bearish (15 minutes) • The EMA 7 and EMA 25 averages act as resistance • The structure is forming lower highs and lower lows • Increased selling pressure near $0.09050
Reason: The price has reached a strong support area after a significant drop, and a green signal has appeared indicating buyers' entry. As long as the price is above the red line, we expect it to rise again towards the yellow line (dense trading area) and the green lines.
Will the euro achieve its targets or will it break the support?
$EUR USD Long Entry: 0.8710 Targets: 0.9255 (TP1), 0.9377 (TP2) SL: 0.8591 Leverage: 10x - 20x (Adjust based on risk)
Reason: The price has dropped significantly and is now sitting at a strong "buy" zone. There is a clear green "Signal" arrow showing buyers are stepping in. If it stays above the red line (Stoploss), we expect it to climb back toward the yellow line (POC) where most trading happened before.