$XMR
📊 XMR/USDT – 1H Bullish Channel Momentum Setup

🕐 Timeframe: 1H

💰 Current Price: $407.20

📈 Trend Context: Price is riding a strong uptrend inside a rising parallel channel. Currently, XMR is pushing toward the upper resistance of the channel, indicating a potential breakout or short-term pullback opportunity.

🟩 Entry Plan (Long Bias):

📌 Entry Options:

Aggressive Entry: $406 – $408 (momentum breakout anticipation within channel)

Retest Entry (Safer): $395 – $398 (bounce from recent support zone)

Dip Buy Entry: $383 – $386 (lower support of channel)

🎯 Take-Profit Targets:

TP1: $418 (channel resistance / previous high)

TP2: $432 (channel breakout measured move projection)

TP3: $448 (extended move projection)

🛡️ Stop-Loss:

SL: $381 (below last swing low and channel midline)

⚖️ Risk-Reward Example:

Entry: $398

SL: $381

TP2: $432 → Risk:Reward ≈ 2:1

🔄 Alternate Bearish Scenario:

If price rejects the upper channel near $418 and breaks below $381:

📉 Short-term bearish retracement toward $365 or $350

Channel would become invalidated and trend may pause or reverse

✅ Confirmation Triggers:

✅ Strong bullish 1H candle close above $410

✅ Volume spike and higher highs with no bearish divergence

✅ Price consolidating above $402–$405 with strong buyer defense

🔥 Signal Strength:

Moderate–High – Strong trend structure within an ascending channel. Breakout above resistance could trigger continuation, but entry near highs requires strict risk management or wait for retest.