$XMR — Buyers Defend $520! Can Monero Break $540?
XMR/USDT: $531.45 | 24H: -0.68%
High: $539.83 | Low: $520.33
Volume: 78.13K XMR
8H ANALYSIS: Monero retreated from the $565 region, forming lower highs. Buyers responded near $520, but the recovery stalled around $540. The forming 8H candle shows +0.87%; momentum remains uncertain below resistance.
BULLISH SETUP
Trigger: Completed 8H close above $540 + successful retest.
Entry: $540 | SL: $525
T1: $550 | T2: $560 | T3: $565
R:R to T3: 1:1.67
BEARISH SETUP
Trigger: Completed 8H close below $520 with stronger selling volume.
Targets: $510 | $500 | $490
Support: $520 / $510
Resistance: $540 / $550
STATUS: WAIT FOR CONFIRMATION
Will XMR reclaim $540 or revisit $520?