Watch Monero: pullback with regulatory overhang — wait for confirmation

I'm watching Monero after a short-term pullback: XMR sits around $239 following roughly a 7% 24-hour drop and nearly 10% over the past week. Volume remains meaningful, so sellers are active but liquidity is present.

I view this as a mixed signal: fundamentals and market cap are intact, but privacy-coin regulatory risk and bearish momentum make a blind buy inadvisable right now. I prefer wait-and-see for trend confirmation or a deeper, clear weakness to buy into.

If a disciplined entry is considered, size positions conservatively and plan for higher volatility and potential exchange-related delistings that can amplify downside.