Monero: Pullback Calls for Caution, Watch for Stabilization
I’m seeing Monero (XMR) around $239 with a 24‑hour decline of ~7.5% and a 7‑day drop near 9.6%, while market cap is about $4.4B and daily volume roughly $60M. Intraday range shows support near $239 but momentum is weakening.
I’m cautious given Monero’s privacy/regulatory risk profile despite reasonable liquidity. I’ll wait for stabilization or clear technical confirmation before adding exposure; risk‑tolerant traders could consider buying on confirmed weakness or after a breakout.
Analysis
Recommendation
Watch the market and avoid aggressive entries now. Consider buy-on-weakness or partial exposure only after clear support holds or a confirmed breakout; otherwise remain flat.
Disclaimer
The 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.