📈 *LONG: #XMRUSDT | XMR | 6h*
Monero (XMR) is showing a *bullish reversal signal* after forming an *Ending Diagonal* pattern — a classic sign that a downtrend is losing steam and a breakout could be near 🚀🧠
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🔍 *Current Setup:*
- *Ending Diagonal (Falling Wedge)* structure is visible on the 6H chart
- Price is approaching *resistance zone between 325–330*
- Breakout could trigger momentum toward *360–370* 📈
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🔍 *Why This Is Bullish:*
- *Ending Diagonals* typically appear at the *end of corrective waves* and signal trend reversals
- *Volume Profile:* Volume is decreasing during the wedge, indicating consolidation before breakout 🔊
- *MACD + RSI*: Both showing early signs of a shift toward bullish territory
- *Support Strength:* Strong base forming around 305–310 = bulls defending key levels 💪
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🎯 *Short-Term Price Targets:*
1️⃣ *330* – Immediate breakout resistance
2️⃣ *360* – First major resistance post-breakout
3️⃣ *370+* – Full breakout target if momentum is strong
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⚠️ *Things to Watch:*
- Need a *6H candle close above330* to confirm breakout
- *Stop-loss:* Consider below $305 to manage risk
- Watch BTC movement – XMR can lag behind or move inverse during volatility 🧩
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🧠 *Deep Insight:*
Monero is *privacy-focused*, which gives it a unique use case in crypto. Historically, it rallies *later* in market cycles, often catching traders off guard.
The *current technical pattern + quiet accumulation* behavior could set the stage for a stealth rally if confirmed. If privacy coins catch narrative momentum, XMR could outperform.