XMR entered a short position around 675, and today this is the only area where the market consistently remains bearish. When the market hit the round number price point of 688.88, I immediately followed with a short position. This kind of pattern is quite common, just like when TNSR was hammered down to 36366, round numbers often become the zones where the major players test market psychology. When the price reaches these psychological round number levels, quick reversals often occur, providing us with clear trading signals. In the short term, focus on XMR's support and resistance levels; breaking through round numbers usually indicates the next directional move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
XMR entered a short position around 675, and today this is the only area where the market consistently remains bearish. When the market hit the round number price point of 688.88, I immediately followed with a short position. This kind of pattern is quite common, just like when TNSR was hammered down to 36366, round numbers often become the zones where the major players test market psychology. When the price reaches these psychological round number levels, quick reversals often occur, providing us with clear trading signals. In the short term, focus on XMR's support and resistance levels; breaking through round numbers usually indicates the next directional move.