【$XMR Signal】Bearish within the short channel, waiting for the rebound to exhaust

$XMR 4-hour timeframe, the price continues to trade below the middle band of the Bollinger Bands, and the MACD histogram diverges downward, while bearish momentum is still expanding. Short-term moving averages have already formed a death cross, and structurally a falling channel is forming. On the 1-hour timeframe, buy-side depth appears balanced, but active sell orders continue to suppress price rebounds.

🎯 Direction: Short

⚡ Entry/Order: Place orders in the 322.96 - 323.62 range

🛑 Stop Loss: 327.40

🚀 Target 1: 317.30

🚀 Target 2: 309.00

🛡️ Trade Management:
- Execution Strategy: After the price reaches the first target, move the stop loss of the remaining position down to the entry level to lock in profit. If the price rebounds and breaks above the upper edge of the entry zone, then abandon this trade.

Order book data shows that although the price is falling, open interest remains stable, with no signs of panic liquidation. This suggests the decline may not be driven by retail capitulation, but by planned distribution. The 4-hour RSI is around 43 and has not entered oversold conditions—there is still room to the downside. The current risk-reward ratio is close to 4:1, making it worthwhile to use a smaller position to bet on a breakdown of the lower boundary of the channel. Market sentiment is biased toward watching and waiting, and this calm often comes before a turning point.

Check real-time market 👇 $XMR
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