š $XMR /USDT ā 1H Chart Analysis & Trade Setup
š° Current Price: $365.87
š Timeframe: 1H
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š Technical Analysis
Recent Trend: Sharp recovery from $313.52 low, reclaiming $365 zone with strong momentum.
Moving Averages:
MA-7: $361.75 (short-term bullish crossover)
MA-25: $347.63
MA-99: $333.62
Volume Spike: Strong bullish volume supports the breakout.
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š Key Levels
Resistance:
$379 ā Near-term resistance
$402 ā Major resistance zone
Support:
$355 ā Local support (prior resistance flipped)
$333 ā MA-99 and demand zone
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āļø Possible Trade Setup
ā Bullish Scenario:
If price holds above $355 support, a retest of $379 and possibly $402 is likely.
Entry: $358ā362 on retest
Target: $379 / $402
SL: Below $347
ā Bearish Breakdown:
If price breaks below $347, watch for a drop back toward $333.
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š Final Thought
XMR shows strong recovery momentum with bullish structure building up. Watch for volume confirmation and support holding at $355ā$347 for continuation.
š§ Stay disciplined. Risk management is key.