XMR finally has some movement. Looking at the 15-minute candlestick chart, the volume increase is quite obvious—short-term top signals are basically confirmed.
To be honest, there's no need to get caught up in other technical indicators; the current pattern is already very clear. You can consider a short-selling approach directly, starting with a small position to test the waters, and gradually increase the position size.
My expectation is as follows: target below 560, and if it breaks through, look further down; the short-term support level is most likely around 490. Adjust the strategy based on the actual trend.
The situation with ZEC is similar, following the same rhythm. In this wave of market movement, volume spikes are often a good reference for entry.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
21 Likes
Reward
21
7
Repost
Share
Comment
0/400
ProbablyNothing
· 4h ago
Increasing volume is indeed a signal, but can it really break below 560? It feels a bit uncertain.
Wait, will there be a rebound around 490? Then I might need to adjust my position again.
Is ZEC following the same rhythm? Why didn't I notice it?
Is this top signal reliable? Could it be a false breakout again?
It's better to be cautious with light positions; a false alarm isn't worth it.
The short-term trend still needs further observation; nothing is absolute.
View OriginalReply0
ImpermanentPhilosopher
· 21h ago
Just go short when there's volume? Bro, you're really bold. Be careful of liquidation.
View OriginalReply0
BearMarketBarber
· 01-12 03:52
Dumping just because of volume? I don't think so. At times like these, the probability of a reverse breakout is often higher. Can 490 hold?
View OriginalReply0
ForkLibertarian
· 01-12 03:48
Just go short when there's volume? I feel like this time it's a bit fake. Can 490 hold?
View OriginalReply0
CounterIndicator
· 01-12 03:36
560 can't be broken, I even made a lot of money by shorting in reverse.
View OriginalReply0
GasFeeNightmare
· 01-12 03:25
560 probably can't be broken, I feel like 490 is the real support.
View OriginalReply0
BoredRiceBall
· 01-12 03:25
The idea of a volume-based top has been heard too many times, but this wave of XMR is indeed interesting, just not sure if it can really break through.
Trying with a small position is okay, just don't be too greedy.
Are the 560 and 490 levels reliable? It's a bit uncertain.
ZEC is following the trend, anyway, it's all the same pattern.
XMR finally has some movement. Looking at the 15-minute candlestick chart, the volume increase is quite obvious—short-term top signals are basically confirmed.
To be honest, there's no need to get caught up in other technical indicators; the current pattern is already very clear. You can consider a short-selling approach directly, starting with a small position to test the waters, and gradually increase the position size.
My expectation is as follows: target below 560, and if it breaks through, look further down; the short-term support level is most likely around 490. Adjust the strategy based on the actual trend.
The situation with ZEC is similar, following the same rhythm. In this wave of market movement, volume spikes are often a good reference for entry.