The recent price trend of XMR has been bombarded by various narratives. Some are bearish, some are bullish, and everyone has their own take. The key is not to be blinded by the noise—those who truly understand the market have already grasped the key levels.
From a technical perspective, there is still a chance for a dead cat bounce. Focus on the $530-555 range, where a lot of buy orders have accumulated. If a rebound begins, a 10-25% increase is a reasonable expectation. Of course, the risk of a breakdown should also be guarded against. The market is like this; behind the price movements, there are always explanations, but data and key price levels are the real indicators.
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SnapshotLaborer
· 8h ago
There are indeed things in the 530-555 range. I've already set up an ambush; let's see if it can rise.
That break was really painful; still, I need to stick to the stop-loss.
There's too much noise; let's keep an eye on this range's trend. Data doesn't lie.
It sounds like a joke, but the rebound does have expected potential. Be cautiously optimistic.
There are only a few key positions, and those trapped are all waiting for rescue here.
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NotFinancialAdvice
· 01-17 21:30
The 530 level is really stuck, but can this rebound give us some gains? I'm hesitant.
Wait, let me look at the chart again. It feels like these descriptions are just used to trap retail investors.
What if it breaks down? That's the real issue.
Another person claiming to be a "true expert," fine, I believe you.
Actually, everyone is a gambler; don't pretend to be something special.
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MetaReckt
· 01-17 06:57
The key level at 530 really can't hold, it bounces back at the slightest touch... Can it break through this time?
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ForkItAll
· 01-17 06:55
There is indeed something at the 530 level, but I think this rebound probably won't reach 25%.
What if it breaks down? Have you thought about that, bro?
People always say they understand the industry, but I just want to know if we count as that group.
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PessimisticOracle
· 01-17 06:53
The 530-555 range is indeed interesting, but I'm more concerned about whether this rebound can really hold steady.
Breaking below that level really carries significant risk; it feels like we're about to get cut again.
To put it simply, let's wait for the data to speak. No matter how much we talk, it’s useless.
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DegenGambler
· 01-17 06:50
The 530-555 level indeed has accumulated quite a few chips, but I think the probability of breaking down is also not small.
There's too much noise; let's stick to the data and not get led astray by those who are bearish or bullish.
Dead cat bounce? I think this time it might really be a rebound, a solid 10%.
The buy orders accumulated in this wave are quite interesting, indicating that some people are still bottom-fishing.
If it breaks down, it breaks down. Stop-loss when needed, don't hold on tight.
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BearMarketMonk
· 01-17 06:47
I'm skeptical about the 530 level. I've tried many times before and got crushed back. If this rebound can hold until 555, I'll do a live stream eating a keyboard.
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CryptoNomics
· 01-17 06:38
nah, 530-555 resistance cluster is way too simplistic. you're ignoring the entire order flow imbalance and cross-chain correlation dynamics here. statistically insignificant without analyzing the endogenous variables affecting monero's token velocity.
The recent price trend of XMR has been bombarded by various narratives. Some are bearish, some are bullish, and everyone has their own take. The key is not to be blinded by the noise—those who truly understand the market have already grasped the key levels.
From a technical perspective, there is still a chance for a dead cat bounce. Focus on the $530-555 range, where a lot of buy orders have accumulated. If a rebound begins, a 10-25% increase is a reasonable expectation. Of course, the risk of a breakdown should also be guarded against. The market is like this; behind the price movements, there are always explanations, but data and key price levels are the real indicators.