XMR is currently trading inside a well-defined symmetrical triangle, formed by a series of lower highs and higher lows after a strong impulse move. This structure reflects balanced pressure between buyers and sellers, signaling compression before a volatility expansion.
Price is now approaching the upper boundary of the triangle while holding above the rising support. A confirmed breakout above the descending resistance with acceptance can trigger a continuation move toward the 436 region, followed by the higher resistance near 480.
If price fails to break the upper boundary and loses the rising support, the triangle will resolve to the downside. In that scenario, the next demand areas are located near 360 and 319, where price previously reacted strongly.
This setup is driven by triangle compression, trendline interaction, and liquidity buildup. The breakout direction will define the next major move, making confirmation essential before bias selection.
Price is now approaching the upper boundary of the triangle while holding above the rising support. A confirmed breakout above the descending resistance with acceptance can trigger a continuation move toward the 436 region, followed by the higher resistance near 480.
If price fails to break the upper boundary and loses the rising support, the triangle will resolve to the downside. In that scenario, the next demand areas are located near 360 and 319, where price previously reacted strongly.
This setup is driven by triangle compression, trendline interaction, and liquidity buildup. The breakout direction will define the next major move, making confirmation essential before bias selection.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.