Monero's recent market movement is quite fierce, and the 580 level is about to break. The bullish orders below this price might be individually wiped out, with a significant risk of forced liquidation. From the candlestick chart, the rebound isn't strong enough, and it's hard to say whether the situation can be reversed later. It seems that in the short term, the market will continue to face pressure. For those holding positions, be cautious.

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UncleLiquidationvip
· 8h ago
If 580 can't hold, just go directly to 550, retail investors are going to get caught again.
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BetterLuckyThanSmartvip
· 8h ago
If we can't hold 580, then we need to be prepared to take a hit. This rebound is indeed a bit weak.
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RugResistantvip
· 8h ago
If 580 can't hold, just go all in, another wave of losses incoming.
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RektDetectivevip
· 8h ago
If 580 can't hold, then it will depend on 420. The bulls are probably going to suffer a big loss.
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