🔥 $XMR ON FIRE — BUT DON’T FOMO JUST YET 🔥
Monero just went vertical… and now it’s catching its breath.
Let’s break it down 👇
🚀 What Just Happened?
$XMR has absolutely exploded:
📈 +22.73% in the last 24 hours
Bulldozed through multiple resistance levels
Trading at 596.14 USDT on XMRUSDT Perp (+24.37%)
This wasn’t a slow grind — this was a momentum blast 💥
🕯️ Price Action Tells a Story
Latest candle = doji near the highs
Volume on that candle dropped sharply
Market looks like it’s pausing for air
📊 Stretch metrics are flashing:
Distance from daily low: +18.8%
Distance from daily high: only 1.92%
👉 Translation: positions are extended, late longs are vulnerable.
🔊 Volume Check
During the push:
Bullish candles printing ~80K USDT volume
Strong confirmation of momentum
But the most recent candle?
📉 Volume fell to ~51K USDT
That’s often the first sign of: ⚠️ Momentum cooling
⚠️ Early profit-taking
⚠️ Potential pullback setup
💰 Money Flow Snapshot
Capital is still flowing in — and that’s key:
🟢 +14M USDT (24h)
🟢 +7M USDT (4h)
🟢 +2.6M USDT (1h)
BUT 👀
🔴 -665K USDT in last 5 minutes
That tiny outflow screams short-term profit-taking, not trend reversal.
⚠️ Indicators Are HOT
🔥 RSI above 90 (extreme overbought)
📈 Price riding above upper Bollinger Band
This doesn’t mean bearish — it means: 👉 Upside is harder short-term 👉 Risk/reward improves on a dip
🎯 Trade Plan (1H Timeframe)
🟢 Long Entry – Best Setup
➡️ Wait for a pullback to 565–575 USDT
That zone lines up with MA5 dynamic support
💡 Aggressive traders:
Small starter long OK only if candle closes strong
Size up on the dip, not at the top
🛑 Stop Loss
Around 565 USDT
~3.5% downside
Clean invalidation if MA5 breaks
🎯 Targets
TP1: 619.55
TP2: 651.96 (if momentum reignites)
🧠 Final Take
The trend is still bullish: ✔️ Strong inflows
✔️ Explosive momentum
✔️ Buyers clearly in control
But… ⚠️ RSI is screaming
#XMR #XMRUSDT #Monero #CryptoTrading #Perpetuals