sell
Bearish Outlook for XMRUSDT Targets Near 252
The outlook for #XMRUSDT suggests a short position from $313 with a stop loss at $330.4. After a sharp impulse rally, a correction phase has set in, indicating a medium-term downward trend characterized by lower lows and lower highs. On higher timeframes, reactions from mirror levels point downward, and selling pressure dominates the market. A break below previous buy zones has transformed them into new sell zones, confirmed through testing, which signals active seller presence.
Currently, the market is manipulated at a substructure level, with a breakdown below the buy zone confirming structural shifts. An anticipated rebound from the sell zone aims to reach new local lows, facilitated by ongoing liquidity movements. The placement of stop-losses should align with strategic risk management practices.
Projected targets include prices at 300.06, 289.13, 264.39, and 252.00.
This analysis suggests a bearish stance with a focus on downside targets, supported by technical confirmations and market structure shifts.
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AI Analysis
The technical analysis of #XMRUSDT reveals a clear pattern of a current correction following an impulsive rise, indicating a potential continuation of the downward trend. The market's behavior at high...
AI Recommendation
Given the technical signals, it is advisable to maintain a short position on #XMRUSDT, with a stop-loss set at $330.4 to limit potential losses. Traders should monitor volume and price action near the...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.