š„ $XMR XMR Market Update
Trend: Bullish, but currently consolidating near a key resistance zone.
Recent candlestick (K-line) data shows rising volume on upward moves, which supports ongoing bullish momentum. However, the latest candle printed with lower volume, suggesting short-term consolidation before the next move.
š° Capital Flow:
Net contract fund flows remain positive on lower timeframes:
⢠1H: +72K
⢠4H: +134K
This indicates continued bullish sentiment from short-term traders.
š Trade Bias: Cautiously Long ā due to price being close to resistance and the recent dip in volume.
š¢ Long Entry Zones:
⢠Near support around $327.6
⢠Or on a confirmed breakout above $360.5 with strong volume
š“ Stop Loss:
~3% below entry (Example: Entry at $340 ā SL at $329)
šÆ Targets:
⢠$360 ā Initial resistance
⢠$378 ā Secondary resistance
Stay patient and watch volume for confirmation before entries. š
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