Monero Shows Structural Breakdown — Avoid New Longs
I see a clear market dislocation in Monero — price action has broken the constructive structure it once had.
RIP XMR: it looked promising, but the current setup suggests the bullish case has failed for now and downside risk dominates.
I’m avoiding new longs and would reduce exposure until Monero shows a credible structural recovery.
Analysis
Recommendation
Reduce or close long positions, avoid buying into the current weakness, and only consider re-entry after a verified structural recovery or clear reversal signal; manage risk tightly.
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.