Short
XMR SHORT PROJECTION
XMR is currently experiencing a sideways price action, with a notable strong resistance capping its price movement, preventing it from surpassing the $170 level on the daily timeframe. In light of this, we anticipate a downside momentum to act as a correction leg for the previous bullish trend. Simultaneously, we are closely observing for a potential bearish breakout to occur on the support within this market structure.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.