Recently, I've been watching the XMR trend, and a clear divergence has appeared between spot and futures, which once made people doubt whether they were reading the market wrong.
From a technical perspective, this upward move seems to be nearing its end. Continuing to chase the high at this point is not a favorable risk-reward trade. More importantly, traders should be cautious of a significant pullback that could occur after the bullish momentum diminishes.
The trading approach remains unchanged: stick to a low-positioning strategy and never chase at high levels.
Currently, the following order placement levels can be considered:
**First support level**: 542 to 518 (1:2 risk-reward, quick entry and exit)
**Second support level**: 502 to 467 (1:2 risk-reward, quick entry and exit)
Finally, a trading mindset to share: give enough patience and time for a pullback, but never let impulsive chasing of the rally take any opportunity.
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GraphGuru
· 12h ago
I'm most annoyed by spot contract divergences, I always feel like the market is playing me around.
I've fallen into the trap of chasing highs before, but now I've learned to be smart and just wait for a pullback.
The 542-518 range is indeed tempting, but I need to see if it can break 502 first.
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LazyDevMiner
· 12h ago
Spot contracts divergence, I've also noticed it. It feels a bit suspicious.
Wait for the pullback; chasing the high is just giving away money.
I've already set orders at 542-518, just waiting for the right opportunity.
Patience is the hardest, but you really shouldn't chase the high—this is the trick.
Positioning at the low is the way to go. You're right.
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IfIWereOnChain
· 12h ago
Spot contract divergence signals are what I fear the most, often indicating a prelude to the main force shaking out positions.
Wait for the pullback, then recognize these two levels, there’s no third option.
Chasing the rally is the devil, and that’s very true.
This final wave feels increasingly strong, no rush.
Honestly, I’ve suffered many losses before I believed in this low-position deployment strategy.
Just wait, anyway time is on our side.
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RugpullSurvivor
· 13h ago
It's the same pattern again. Should I wait for a pullback or keep chasing? I see nine out of ten people are chasing...
Recently, I've been watching the XMR trend, and a clear divergence has appeared between spot and futures, which once made people doubt whether they were reading the market wrong.
From a technical perspective, this upward move seems to be nearing its end. Continuing to chase the high at this point is not a favorable risk-reward trade. More importantly, traders should be cautious of a significant pullback that could occur after the bullish momentum diminishes.
The trading approach remains unchanged: stick to a low-positioning strategy and never chase at high levels.
Currently, the following order placement levels can be considered:
**First support level**: 542 to 518 (1:2 risk-reward, quick entry and exit)
**Second support level**: 502 to 467 (1:2 risk-reward, quick entry and exit)
Finally, a trading mindset to share: give enough patience and time for a pullback, but never let impulsive chasing of the rally take any opportunity.