【$XMRUSDT】Don't Rush to Bottom Fish/Chase Highs, Check This First
$XMR Intraday regular volatility period, dog whales distributing on the left side. Four-hour MACD golden cross below water but weak momentum, price suppressed below EMA50, Bollinger Band midline continues to form resistance. One-hour chart buy depth imbalance exceeds 20%, extremely thick pending orders in the 347-347.1 zone above, obvious active selling pressure. Under this structure, any rebound is a chance to reduce positions, not an entry signal.
Direction: Short
Entry/Pending Orders: 346.9 - 347.1
Stop Loss: 347.5
Target 1: