XMR finally has some movement. Looking at the 15-minute candlestick chart, the volume increase is quite obvious—short-term top signals are basically confirmed.
To be honest, there's no need to get caught up in other technical indicators; the current pattern is already very clear. You can consider a short-selling approach directly, starting with a small position to test the waters, and gradually increase the position size.
My expectation is as follows: target below 560, and if it breaks through, look further down; the short-term support level is most likely around 490. Adjust the strategy based on the actual trend.
The situation with ZEC is similar, following the same rhythm. In this wave of market movement, volume spikes are often a good reference for entry.
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BearMarketBarber
· 7h ago
Dumping just because of volume? I don't think so. At times like these, the probability of a reverse breakout is often higher. Can 490 hold?
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ForkLibertarian
· 7h ago
Just go short when there's volume? I feel like this time it's a bit fake. Can 490 hold?
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CounterIndicator
· 7h ago
560 can't be broken, I even made a lot of money by shorting in reverse.
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GasFeeNightmare
· 7h ago
560 probably can't be broken, I feel like 490 is the real support.
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BoredRiceBall
· 7h ago
The idea of a volume-based top has been heard too many times, but this wave of XMR is indeed interesting, just not sure if it can really break through.
Trying with a small position is okay, just don't be too greedy.
Are the 560 and 490 levels reliable? It's a bit uncertain.
ZEC is following the trend, anyway, it's all the same pattern.
XMR finally has some movement. Looking at the 15-minute candlestick chart, the volume increase is quite obvious—short-term top signals are basically confirmed.
To be honest, there's no need to get caught up in other technical indicators; the current pattern is already very clear. You can consider a short-selling approach directly, starting with a small position to test the waters, and gradually increase the position size.
My expectation is as follows: target below 560, and if it breaks through, look further down; the short-term support level is most likely around 490. Adjust the strategy based on the actual trend.
The situation with ZEC is similar, following the same rhythm. In this wave of market movement, volume spikes are often a good reference for entry.