$XMR - A Strategy for trade:
Go long (buy) between 460 and 468.
Set your stop loss (SL) at 452.
Aim for a take profit (TP) at 480, 495, or even higher.
Reasoning:
XMR is finding its footing after a significant drop from its recent peak. The price is staying above the short-term support level and is trying to build a foundation. This suggests that sellers are losing momentum, and the price could bounce back if buyers remain engaged.
XMRUSDT
Perp
460.42
-2.79%
$XMR For a higher-risk approach (shorting):
Sell near 490 – 500.
Set your stop loss at 510.
Target a take profit at 468, then 452.
Why this is risky:
Much of the price correction has already happened. Selling near a support level can be risky if the price continues to recover and breaks back into its previous trading range.