sell
Short XMRUSDT from $340.79 with Targeted Profits and Stop Loss.
A short position is recommended on #XMRUSDT from $340.79 with a stop loss set at $381.66. On the 1-hour timeframe, after a significant upward move, XMR tested an important level. Order book data indicates sellers are currently dominant. Additionally, the asset has formed a support level that is likely to be broken downward. It is anticipated that upon breaking the level, the asset will clear liquidity on the sell side and continue its correction. Entry is suggested at a limit order around $339.90, with an emphasis on a favorable risk-to-reward ratio. Profit targets are set at $315 and $270. The author of this analysis is CRYPTOCASH.
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AI Analysis
The current analysis indicates a bearish outlook for XMRUSDT, emphasizing a planned short position based on technical signals. The recent strong rally appears to have led to a key level test, which, c...
AI Recommendation
Given the technical setup and analysis, it is recommended to place a short limit order around $339.90, with the stop loss at $381.66 to limit potential losses. Traders should watch for confirmation of...
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.