Based on recent trends, XMR's rebound has indeed been quite vigorous, but a closer look reveals a clear lack of momentum. The price is once again approaching the previous key resistance zone (around 690-710), yet it consistently lacks the drive to break through upward, as if being held back by some force.

Details in the market indicate several signals. First, during consolidation at high levels, buying activity appears insufficiently enthusiastic, giving a sense of "stagnation" in the rally; second, each attempt to push higher is quickly suppressed, and this rhythm doesn't resemble normal accumulation behavior but rather suggests that large funds are gradually exiting during the rebound.

Overall, as long as XMR cannot effectively break through and hold above the $725 level, the probability of a short-term decline remains high. This rebound seems more like a retest within a downtrend rather than a genuine reversal signal. Based on this assessment, there is some logical basis for attempting short positions at the current price levels.

**Trading plan as follows:**

Enter the position in the 690-700 USDT range, which is the core resistance zone of the rebound. Place the stop-loss above 725 USDT; if the price breaks through this level and stabilizes, the judgment needs to be adjusted. The first target is set at 650 USDT (support level below), and the second target aims at 610 USDT (a deeper support level).

Risk control is the lifeline of trading. Strictly adhere to the preset stop-loss to prevent excessive losses, so even if the judgment is wrong, losses can be tolerated. XMR's volatility isn't particularly high, making it suitable for such precise operations.