Bullish Breakout Setup – $XMR/USDT

Asset: $XMR (Monero)

Long Liquidation Noted: $5.40K at $337.40 – a classic flush of over-leveraged longs, often preceding a trend reversal or breakout build-up.

Market Overview

XMR recently saw a wave of long liquidations near $337, shaking out weak hands just above a key structural support zone.

Price action is now showing signs of stabilization, and with volatility contracting, a breakout setup may be forming.

Trade Setup

Entry Strategy:

Pre-breakout Entry: $338 – $343 (early positioning with close monitoring)

Confirmed Breakout: Above $348 on strong volume and bullish candle close

Stop-Loss Level:

🔻 Below $332 – under liquidation zone and recent swing low for safety

Target Zones:

🎯 Target 1: $356

🎯 Target 2: $368

🎯 Target 3: $382 – next macro resistance zone

Key Technical Zones

Support: $332 / $337.4

Breakout Line: $348

Major Resistance: $382

Market Sentiment

The recent liquidation indicates fear and forced exits from weak long positions. Historically, XMR performs strongly after shakeouts, and if the price reclaims $348 with conviction, bullish momentum could accelerate rapidly.

Trade Plan

Keep a close eye on volume near $348 — if broken cleanly, the path toward higher targets becomes favorable.

Short-term traders can scale in on confirmation; swing traders may consider partial entries near support with tight stops.

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