$XMR (Monero) Trade Breakdown
Current price: $287.66 USD (▼ −2.8% last 24 h)
24‑hour change: −$8.18 (~−2.8%)
Buy zone: $280 – $285 — ideal dip entry if supported
Target prices:
First target: $300
Second target: $315
Stop‑loss: $275 — cut losses fast if breakdown below here
📊 Key support/resistance levels:
Support: ~$280
Resistance: ~$295–$300 zone — breakout needed to confirm momentum
📈 Market feeling: Slightly bearish in the short term, but strong bounce possible if $280 holds. Watching for reversal signs before getting truly bullish.
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🧠 Why this setup matters:
Monero recently slid nearly 3% on moderate volume — sellers driving price toward support. If it holds near $280 and rebounds, bulls may push toward $300 and beyond. But if it cracks $275, be ready for deeper drop.
Otherwise, a bounce from support could trigger a short-term rally up to $315 — ideal for swing trades.
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