$XMR
📊 XMR/USDT – 1H Trendline Support & Continuation Setup

🕐 Timeframe: 1H

💰 Current Price: $399.80

📈 Trend Context: XMR is in a clear uptrend with consistent higher lows, using a steady ascending trendline as dynamic support. Price is currently consolidating just under recent highs.

🟩 Entry Plan (Long Bias):

📌 Entry Options:

Aggressive Entry: $397 – $401 (current zone, trend continuation anticipation)

Retest Entry: $384 – $389 (retest of the ascending trendline)

Breakout Entry: $416+ (confirmation breakout of recent high zone)

🎯 Take-Profit Targets:

TP1: $416 (recent high)

TP2: $438 (next historical resistance zone)

TP3: $460 (measured move based on previous impulse leg)

🛡️ Stop-Loss:

SL: $379 (below trendline support and structure low)

⚖️ Risk-Reward Example:

Entry: $397

SL: $379

TP2: $438 → Risk:Reward ≈ 2.3:1

🔄 Alternate Bearish Scenario:

If XMR breaks and closes below $379:

📉 Downside targets: $360, possibly $340

Could signal breakdown from ascending structure – shift to short bias

✅ Confirmation Triggers:

✅ Bullish engulfing 1H candle or volume spike above $400

✅ RSI maintaining above 50 with bullish divergence on dips

✅ Sustained buying interest near $390–$395 zone

🔥 Signal Strength:

High – Well-defined trendline, consistent bullish structure, and increasing volume on upswings. Setup favors trend continuation with solid R:R.