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#XMR $XMR Current price $350.87, 24h -3.13%.
My understanding is that the short-term is gently pulling back, and an clear weakness has not yet formed.
But we also can't ignore that the large traders' long and short positions are at 37:63, clearly leaning bearish. If the lower support level is broken, the weakness will spread.
$340.3439 must not be broken; if broken, the risk will spread; $359.6418 is the first level for recovery.