XMR encounters resistance at the 800 level and pulls back. This wave of gains has indeed been quite rapid. It was advised earlier to take profits in a timely manner and not to be greedy for the final gains. Waiting for a sufficient correction before considering re-entry would be more prudent.
From a technical perspective, the 1-hour chart already shows clear signs of resistance. After the price surged and then retraced, the Bollinger Bands are gradually narrowing from an opening, currently operating at the middle band. The MACD indicator's two lines have formed a death cross, which usually indicates that momentum is beginning to weaken. More notably, the volume bars are showing negative divergence, suggesting increasing selling pressure.
Several mainstream cryptocurrencies are also showing signs of pullback at high levels, so caution is necessary to avoid a correlated decline. In the short term, it is recommended to mainly observe and wait for clearer buy signals before re-entering.
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Layer3Dreamer
· 01-17 22:21
theoretically speaking, that bollinger band convergence you're describing? it's giving me recursive state verification vibes ngl... like the price action itself is a zk-proof of exhaustion lmao
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RumbleValidator
· 01-17 00:36
Bollinger Bands narrowing, MACD death cross, negative volume expansion... the data is right here. Greedy people should wake up. The recent surge in XMR has been unstable from the start; verifying node stability is more valuable than chasing highs. Wait until the signals truly appear before taking action.
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AirdropHermit
· 01-15 22:38
This line at 800 really can't hold anymore. Those who should have run early didn't, so don't blame the market for being ruthless.
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ZKSherlock
· 01-15 01:50
actually, the whole "momentum decay" framing here—have you considered what the underlying cryptographic assumptions are about price discovery mechanisms? like, everyone's talking about macd crossovers but nobody asks: what probabilistic proof system validates these technical signals in the first place?
...anyway, xmr dumping is predictable. they always do this.
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On-ChainDiver
· 01-15 01:49
I've already said not to be greedy. The crucial position at 800 can't be stopped. Take profits when you should, it's too late to regret now.
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WhaleStalker
· 01-15 01:42
Here we go again. I already said early on not to chase the top, now those who are trapped are going to cry. Bollinger Bands are narrowing, MACD is showing a death cross—these signals are right there, but some people insist on betting on the very last move.
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staking_gramps
· 01-15 01:41
I told you not to be greedy long ago. You still want to push at 800. Now look, the death cross has appeared, and the trading volume is still crashing.
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WenMoon
· 01-15 01:39
It has dropped again and again. I told you early not to chase the highs, brothers. Those who didn't listen this time are probably trapped again.
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ForumLurker
· 01-15 01:39
It was about time to dump the market; the greedy ones are all trapped.
XMR encounters resistance at the 800 level and pulls back. This wave of gains has indeed been quite rapid. It was advised earlier to take profits in a timely manner and not to be greedy for the final gains. Waiting for a sufficient correction before considering re-entry would be more prudent.
From a technical perspective, the 1-hour chart already shows clear signs of resistance. After the price surged and then retraced, the Bollinger Bands are gradually narrowing from an opening, currently operating at the middle band. The MACD indicator's two lines have formed a death cross, which usually indicates that momentum is beginning to weaken. More notably, the volume bars are showing negative divergence, suggesting increasing selling pressure.
Several mainstream cryptocurrencies are also showing signs of pullback at high levels, so caution is necessary to avoid a correlated decline. In the short term, it is recommended to mainly observe and wait for clearer buy signals before re-entering.