Coin name : XMR
24h Change: +10.0%
24h Volume: $194,200,261 (increasing, confirming momentum)
Open Interest: ~$46M (averaged from sources, stable with slight recovery; 24h change -3% to -7%)
Final Decision: Long bias (privacy narrative driving rebound amid market correction; potential short squeeze from negative funding and rising L/S ratio)
Trend Direction
Bullish. XMR has rebounded sharply from weekly lows, forming higher highs and higher lows on the 1h chart amid broader privacy coin hype. Recent 10% surge signals momentum continuation, with spot demand outweighing derivatives pressure.
Exact Entry Price
$393 (current price, above EMA9/20 for momentum entry on 1h close).
Stop-Loss Level
$355 (below demand zone and 24h low; ~10% risk—wide due to vol, but protects against flash crashes).
Take Profit Levels
TP1: $420 (near resistance; partial exit 30% position).
TP2: $450 (Fib extension; partial exit 40% position).
TP3: $500 (major psychological target; full exit remaining).
Risk-Reward Ratios
TP1: 0.7:1 (conservative, quick scalp).
TP2: 1.5:1 (balanced).
TP3: 2.1:1 (aggressive, trail SL to $395 after TP1 hit).
Note: Crypto futures are high-risk; use demo accounts to test. DYOR and monitor real-time data on exchanges like Binance. Good luck
