XMR
Event Details:
• Event Type: Short Liquidation
• Volume Liquidated: $1.42M
• Trigger Price: $370.50
Trade Setup:
• Entry Zone: $369.50 - $371.50
• TP1: $375.00
• TP2: $382.00
• Stop-Loss (SL): $366.50
📊 Market Analysis:
A rapid upward impulse swept overhead liquidity above the $370.00 level following a sharp sell-side sweep down to the $367.43 low. Aggressive spot buying quickly absorbed lower-level supply, driving a strong V-shaped recovery and pushing price through immediate order book ask clusters. The market structure now reflects expanding momentum as strong buying volume confirms active demand at higher valuations. Holding above the $369.50 support zone validates structural continuation toward higher target objectives.
🛡️ Risk Management: Allocate no more than 2% to 3% of total portfolio equity to this spot position to manage risk effectively.
