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Market Analysis : XMR – Potential Downtrend Incoming
With the market about to close, Monero (XMR) is showing signs of rejection on the 8H and 12H charts, forming an Inverted hammer/ Doji Bar at an overbought zone — a possible signal for a bearish reversal.
Action: Sell
Take Profit: $280.65 (Daily Support)
Stop Loss: $340.99
Stay sharp. Trade with caution.
#XMRUSD
With the market about to close, Monero (XMR) is showing signs of rejection on the 8H and 12H charts, forming an Inverted hammer/ Doji Bar at an overbought zone — a possible signal for a bearish reversal.
Action: Sell
Take Profit: $280.65 (Daily Support)
Stop Loss: $340.99
Stay sharp. Trade with caution.
#XMRUSD
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