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.
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NotFinancialAdvice
· 16h ago
Once you stabilize at 550, add to your position. I've played this trick many times before, and in the end, I always get trapped.
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NftRegretMachine
· 01-12 21:36
XMR has gone up this time. 16 points isn't a small move, but is it really stable around 550? Feels like we need to observe a bit more.
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CommunityWorker
· 01-12 14:36
Wow, 16 points, this move is really aggressive. However, I have some doubts about the 550 support...
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BearMarketBuyer
· 01-11 23:51
Once the 550 level is stabilized, I'll add to my position, but I'll wait and see for now. This wave of increase is too rapid and a bit unstable.
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ConsensusBot
· 01-11 23:48
XMR this move is really aggressive, but I'm still a bit nervous about the 550 level, feeling like it could drop at any moment.
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RumbleValidator
· 01-11 23:46
If 550 can't hold, this wave is over. Don't talk to me about support levels; the data speaks for itself.
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VibesOverCharts
· 01-11 23:40
A 16% increase is quite sharp, but I still want to see if it can hold steady at 550 before I believe...
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4am_degen
· 01-11 23:35
XMR's recent surge is quite strong; it shot up over 16 points in one go. However, whether it can hold the 550 level is the key. It feels like we need to watch a bit more.
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.