We finally touched that 460.00 level but the sellers were waiting right there to smack it down. Since that rejection, $XMR has been printing these small, indecisive candles just above 450.00. Volume is starting to tail off on this 1h chart which usually means a bigger move is cooking. If we lose the 450.00 handle, I’m looking at 440.00 as the first real spot to catch a bounce. I’m sitting on my hands for now. Either we flip 460.00 into support or this whole move from 407.00 is going to start retracing fast.
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Is Monero actually running out of juice here?
We finally touched that 460.00 level but the sellers were waiting right there to smack it down. Since that rejection, $XMR has been printing these small, indecisive candles just above 450.00.
Volume is starting to tail off on this 1h chart which usually means a bigger move is cooking. If we lose the 450.00 handle, I’m looking at 440.00 as the first real spot to catch a bounce.
I’m sitting on my hands for now. Either we flip 460.00 into support or this whole move from 407.00 is going to start retracing fast.
#JoinGrowthPointsDrawToWinGoldenBar