Monero Pullback: Buy on Weakness Setup

I see Monero trading at $239, sitting near the day's low after a roughly 7.5% 24‑hour drop and a ~9.6% weekly decline. The move feels like short‑term weakness rather than a clear trend reversal.

Liquidity is reasonable (~$60M daily volume) and market cap sits around $4.4B (rank ~41). Monero's privacy utility supports medium‑term fundamentals, but regulatory and exchange risk remain real downsides.

I'm inclined to scale in selectively on further weakness, keep position size conservative, and use defined stops — treat this as a buy‑on‑weakness setup rather than an unconditional buy.