#CryptoTrading. #technicalanalyst #Signal๐ฅ. ๐ Technical analysis $XMR /USDT โ 15min/1h timeframe
Current price โ 568.79 USDT
+13.78% recently, very strong impulsive pump, reached local high ~599.89, now moderate pullback after vertical breakout.
Price action & Bollinger Bands (15m/1h):
Price pulling back from upper BB (~607.55), but still well above middle BB (~566.59).
Middle BB ~566.59 acting as strong dynamic support right now.
Lower BB ~525.64 far below โ bands massively expanded due to extreme volatility.
Volumes:
Current vol ~18.2M โ solid on pump candles, still elevated.
MA(5) ~30.4M, MA(10) ~33.1M โ volume surged during the rally, supports the strength but starting to cool on pullback.
Key indicators:
โข MACD โ DIF 16.58, DEA 20.09, MACD -3.51, histogram negative but shallow โ bullish momentum slowing after peak, early bearish divergence.
โข RSI (6/12/24) โ 47.5 / 59.7 / 65.4 โ neutral after cooling from extreme overbought (>80 during spike), room for new upside.
Explosive pump with strong volume confirmation. Classic overextension, now healthy pullback testing middle BB โ momentum still intact but losing steam short-term.
๐ข Long (moderate-high risk โ continuation on dip)
Entry: 565โ570 (current or dip to middle BB ~566.6)
TP1: 590โ600
TP2: 610โ620+
SL: 555โ560 (break below middle BB)
R/R: ~1:3+
Comment: Strong setup if holds middle BB + volume picks up again on green candles. High probability of next leg up while overall trend bullish.
๐ด Short (high risk โ fade attempt only)
Entry: 580โ590 (retest of previous high zone or upper BB area)
TP1: 565โ560
TP2: 545โ535
SL: 595+
R/R: ~1:3
Comment: Very risky after +13% pump. Needs sharp rejection + volume fade + deeper MACD negative. Counter-trend play.
โ ๏ธ Most likely scenario now
Continuation higher to 590โ610+ if price holds firmly above middle BB ~566โ567 and volume supports buyers again.