Greetings to all. This morning there were questions about #XMR , the price has increased by 38% in a day. And the main questions are: will the growth continue❓ Why is there growth without volume? When pumps occur and the price breaks historical highs, predicting how far the growth will go is practically impossible, but there is a method called 'important levels' that we use to suggest how high the price might rise or fall (if the movement is downward), as well as to understand where to expect a reversal and to fix positions. So, according to the 'important levels' method, we have 2 resistance levels, which were determined on different timeframes: 306 and 331. Typically, when we have formed 2 levels, we consider this as a resistance range of 306-331 - it is prohibited to buy in this range; we need to wait for a downward reversal. Why is there growth without volume? Because the main purchases were made right at the bottom, around 124, and the price is rising because retail investors are shorting, and there are buyers available.
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