$XMR /USDT : Consolidation Phase 🛡️
$XMR is currently stuck in a tight range after a massive drop from $357.88.
The price is "hugging" the MA(99) (purple line), showing a balance between buyers and sellers. A breakout above $351.45 is the signal for a bullish reversal.
Support : Holding steady at $347.00; strong floor identified.
Resistance : Moving averages are converging at $351.45, creating a "pressure cooker" effect.
Target: $353.64 (First rejection zone) / $357.00 (Major liquidity area).
Entry: $349.50 - $350.50 | SL: $346.00