$XMR Idea (4H Chart)

▶️ Entry Zone: 140.69 - 147.81

🛑 Stop Loss: 135.11 (24h Low)

🎯 Take Profit 1: 153.51 (EMA(25))

🎯 Take Profit 2: 158.35 (EMA(99))

Analysis:

* Price is below all EMAs (7, 25, 99), indicating a strong bearish trend.

* Recent price action shows a sharp decline followed by a potential bounce from the 24h low.

* RSI(14) at 27.87 is oversold, suggesting a possible rebound.

* MACD is negative and below the signal line, but the histogram shows potential for bullish convergence.

* 24h price change of -5.88% indicates significant selling pressure.

The current setup suggests an oversold condition after a sharp decline. While the overall trend remains bearish, there's potential for a short-term bounce or relief rally from these oversold levels.

Caution:

* The broader trend is bearish, so this is a counter-trend trade.

* Use tight stop-loss orders to manage risk in this volatile market.

* Consider smaller position sizes due to the high-risk nature of this trade.

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