【$XMR Signal】Fake breakout trap, multi-timeframe convergence

$XMR 1H level repeatedly tests the 338-340 range, buying depth is unbalanced -26%, selling pressure is quickly absorbed. The 4H Bollinger middle band at 338.6 and the 1H EMA50 near 340.9 form a dense support zone, with the price holding firmly above the key level. The MACD 1-hour divergence structure is forming, and the bearish momentum bars are continuously shrinking.

🎯Direction: Long

⚡Entry: Enter at the current price of 339.01, or place a pending order around 338.5.

🛑Stop loss: 332.88

🚀Target 1: 351.26

🚀Target 2: 357.39

🛡️Trade management: - Execute strategy: Halve the position after the price reaches 351.26, and move the remaining stop loss up to the breakeven point. If the price fails to stay above 340 and breaks below 338 again with increased volume, actively exit and observe.

Current position volume is stable, funding rate is slightly positive but not in a dangerous zone. In this environment, bears find it difficult to sustain pressure. The 1-hour RSI hovers around 44, not in oversold territory, more like bulls gathering strength at a critical point. The order book shows heavy buy orders below 339, indicating strong support, with a risk-reward ratio over 1.5, making it worth a try.

Check real-time market 👇 $XMR
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