Recently monitoring the XMR trend, I found some interesting phenomena.

From on-chain data, a large amount of funds are continuously flowing out, which is not very optimistic. At the same time, multiple resistance levels are stacked above, and although the support seems strong, this is precisely the problem—repeated price rallies in this range look more like attracting followers to chase highs.

Looking closely at the four-hour K-line chart, the upward momentum is clearly insufficient. Although the bulls still hold the advantage, they can’t effectively break through upward, and this deadlock is most likely to wear people down into surrender. This kind of market situation, in fact, gives the bears an opportunity.

If a short position enters, once the resistance level is effectively broken downward, the potential profit doubles right in front of you. The key is to set the stop-loss reasonably—placing it at the internal support level is sufficient, so even if the judgment is wrong, you can cut losses in time.

This wave of market movement is worth paying attention to, especially the volatility before the US CPI data release, which could be the window to take action.