XMR recently hit a new all-time high, with a market cap surpassing $11 billion. This rally is indeed fierce. However, with such a rapid increase, technical warning signals are starting to appear.

From the daily chart perspective, after a large bullish candle, there is often a pullback pressure, making shorting more attractive than chasing the rally. Short-term traders should be cautious — the price movements on the hourly chart with sudden limit-up traps can easily deceive people.

Whether you want to buy the dip or short, the key lies in the 5-minute and 15-minute timeframes. Once a double top pattern is confirmed, the bullish momentum will show clear signs of exhaustion. If you're planning to enter at this point, remember to control your position size. The turning point is already beginning to emerge; with decisive actions, you can still capture the profit potential of the wave.