$XMR Long Liquidation Update
Long positions worth $1.7342K were liquidated at $660.16, flushing weak leverage and resetting short-term positioning.
Market Structure
Price is stabilizing after the liquidation sweep, suggesting sell pressure is being absorbed rather than accelerating. This type of reset often precedes a rebound if key support holds.
Key Levels
Support: $660 – $640
Resistance: $685 → $710
Bullish Trade Setup
Entry: Break and hold above $685, or a strong reclaim from the $660 zone
Targets:
TP1: $710
TP2: $745
Stop Loss: Below $635
Market Sentiment
The liquidation cleared late longs and improved risk conditions. If buyers defend support and volume expands above resistance, momentum can rotate back in favor of bulls.
Bullish bias strengthens on acceptance above resistance while structure remains intact.
