$XMR
š XMR/USDT ā Breakout Continuation Long Setup
š Timeframe: 1H
š° Current Price: $404.24
š Trend Context: Strong bullish trend with parabolic leg; recent consolidation suggests possible continuation if volume confirms.
š© Entry Plan (Long):
š Entry Zone:
$400 ā $408
Look for continuation breakout above $408 or dip to $400 with support
šÆ Take-Profit Targets:
šÆ TP1: $420
šÆ TP2: $445
šÆ TP3: $470
š”ļø Stop-Loss:
š» SL: $388 (below recent consolidation base)
āļø Risk-Reward Tip:
Entry: $404 | SL: $388
TP2: $455 ā Risk:Reward ā 3.2:1
š Consider trailing stop after TP1 to lock in gains
ā
Confirmation Triggers:
šø Bullish engulfing or breakout candle on volume > average
šø BTC holding or trending upward
šø No rejection at $408 zone
š„ Signal Strength:
High ā Strong momentum, volume-supported trend, and no immediate resistance overhead