XMR has recently performed strongly, surging to around $720 with significant volume, and the trading volume is indeed impressive, showing clear bullish buying pressure. Trading short against the trend in such an environment involves very high risk and is not a wise move.
My strategic approach involves two lines: first, observing for a pullback opportunity. If the price can pull back to the 690-700 range and stabilize there, it presents an excellent chance for a light long position, with a stop-loss set below 680 to control downside risk. Second, watch for the possibility of volume increasing again. If XMR can break through the previous high of 720, it indicates that bullish momentum remains strong, and following up is also within the plan.
The core of risk management boils down to two things: first, all trades must have a preset stop-loss, never trading naked; second, closely monitor the key support at 680. If the price drops through 680 with volume, then this breakout must be questioned, and the entire bullish outlook needs to be reassessed. Market opportunities are fleeting, but capital preservation is more important.
View Original
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.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
ShortingBeachfrontVill
· 5h ago
Will soon fall below $100!
View OriginalReply0
NeverVoteOnDAO
· 6h ago
The 690 level is indeed tempting, but I always feel it might dip below 680.
Can this rally continue? Honestly, I have no confidence.
Stop-loss must be set properly; lessons learned the hard way.
If it breaks through 720, I still want to chase, but greed has caused losses.
Once 680 breaks, you really need to run; don't wait.
View OriginalReply0
GmGnSleeper
· 6h ago
Fluctuating around 720 repeatedly, it feels like a big shakeout is coming. Better to be cautious.
Breakouts and pullbacks are both happening; this wave's rhythm is a bit rapid.
If 680 breaks, just admit defeat. Anyway, stop-loss can't be avoided.
XMR's increase this month has been impressive, but don't be greedy, everyone.
I'll need to carefully watch the 690-700 range; not in a rush to get on board.
View OriginalReply0
WagmiOrRekt
· 6h ago
680 is the bottom line; if it falls below, clear your positions—don't be greedy.
Try a small position first; only act when it retraces to 690.
Only chase after a breakout above 720; otherwise, wait.
Stop-loss must be set; exposure means waiting for death.
The bulls aren't that strong; be careful of being crushed.
690-700 is indeed a good entry point.
Once 680 breaks, this wave should be over.
A surge in trading volume is usually the last celebration—be cautious.
Only follow through after breaking the previous high? That's a bit of a delayed reaction.
Risk management isn't complicated; just don't be greedy.
View OriginalReply0
AllInAlice
· 6h ago
The 720 level is indeed risky; I only dare to act after a pullback to 690-700.
View OriginalReply0
RugpullTherapist
· 7h ago
Can this wave of 720 hold steady? I have a feeling it's a bit虚啊
Wait, can 680 really hold? Maybe we should just stay on the sidelines and watch
Trying small positions again and setting stop-losses, sounds right but can we really do it?
If 680 breaks, we'll just admit defeat directly, no need to hesitate so much
It's okay to go in with a small position, just worried the pullback isn't deep enough
Is this 690 zone really that critical? I always feel it's虚虚的
Stop-loss must be set properly, or you'll easily lose to the point of疑惑人生
A bit afraid this is a虚突破, who will take responsibility if we get打脸 then?
Is there enough bullish momentum? Let's wait until it drops again
Can the previous high of 720 really be broken? Feels like the压力还是挺大
XMR has recently performed strongly, surging to around $720 with significant volume, and the trading volume is indeed impressive, showing clear bullish buying pressure. Trading short against the trend in such an environment involves very high risk and is not a wise move.
My strategic approach involves two lines: first, observing for a pullback opportunity. If the price can pull back to the 690-700 range and stabilize there, it presents an excellent chance for a light long position, with a stop-loss set below 680 to control downside risk. Second, watch for the possibility of volume increasing again. If XMR can break through the previous high of 720, it indicates that bullish momentum remains strong, and following up is also within the plan.
The core of risk management boils down to two things: first, all trades must have a preset stop-loss, never trading naked; second, closely monitor the key support at 680. If the price drops through 680 with volume, then this breakout must be questioned, and the entire bullish outlook needs to be reassessed. Market opportunities are fleeting, but capital preservation is more important.