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XMR has increased by 16.57% in the past 24 hours, successfully breaking through the previous key resistance level of $552.55. From a technical perspective, after short-term consolidation, the price has surged with increased volume, leaving a strong bullish candlestick, indicating a strong bullish sentiment.
Trading strategy sharing:
🔥 Position Holding Strategy
The current price around $550 has formed a solid support level. If it can hold steady at this level, consider moderately increasing your position.
⚖️ Risk Control
If the price breaks below $545, it’s time to exit decisively and avoid fighting the market.
🛡️ Profit Target
The recent target is $570 as the first reasonable goal. If it breaks through smoothly, look towards $600.