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XMR: Support Breakout

Long
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BINANCE:XMRUSDT   None
Trend Analysis Chart Patterns Technical Indicators xmr XMRUSDT monero monerotether crypto cryptotrading cryptoanalysis Cryptocurrency Technical Analysis
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trendanalysis chartpattern indicator xmr xmrusdt monero monerotether crypto cryptotrading cryptoanalysis cryptocurrency technicalanalysis
Monero (XMR) technical analysis:

Trade setup: After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.

Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).

Support and Resistance: Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
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