đ $XMR has seen a strong impulsive move from the 440â450 base, pushing price rapidly towards the 600 area. This rally was driven by aggressive buying and expanding participation, shifting the short-term structure clearly to the upside. After such a fast expansion, price is now consolidating sideways, a normal behavior post-rally.
The key now is how $XMR behaves above the broken levels. The 555â565 zone is the first area where buyers are expected to defend. As long as price holds above this region, the bullish structure remains intact, allowing for continuation attempts. This trade idea is based on a pullback.
On the upside, the 595â605 area remains a supply zone where reactions are anticipated. A clean reclaim and hold above this would open further upside potential, while a loss of key support would weaken the setup.
đ **$XMR Scalp Trade Plan**
đŒ Long Scalp (Pullback Play)
Entry Zone: 555 â 565
TP1: 590
TP2: 610
SL: 540
Leverage: 20x â 40x
Margin: 2% â 5%
Risk Management: Book partial at TP1 and move SL to Entry.
â ïž **Important:**
If price fails to hold above 540, this setup is invalid. Avoid chasing entries above resistance levels.
(XMRUSDT)
