Monero (XMR) Showing Dislocation — Expect Further Downside
I see a clear market dislocation in Monero right now. Price action and structure look broken, and the setup feels like a decisive negative inflection.
RIP XMR — what once looked promising appears to be deteriorating quickly. I'm treating this as a failure of the prior thesis rather than a temporary setback.
Analysis
Price action suggests a structural breakdown rather than a normal pullback; risk of continued declines is elevated and market internals point to impaired demand.
Recommendation
Avoid initiating new long positions and consider selling existing exposure or looking for short opportunities; wait for clear signs of stabilization before reconsidering buys.
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.