【XMR Signal】1H breakdown indicates wash trading; longs absorb and test
$XMR Order book depth imbalance -54%, sell orders piled up. The 1H MACD histogram accelerates and expands, RSI dips to 45, and buyers attempt to hold it up. On the 4H Bollinger Band middle track around 350.8, dense limit orders are set; fund battle is intense. Risk-reward ratio is 1.5, and break-even is still acceptable.
🎯Direction: long
⚡Entry/Orders: 351.4923 - 352.5500
🛑Stop-loss: 349.0245
🚀Target 1: 357.8383
🚀Target 2: 360.4824
🛡️Trade management:
- Execution strategy: After reaching Target 1, cut 50%, and move the