【$XMR Signal】Bull-Bear Battle, Awaiting Confirmation of Direction!

$XMR The 1H timeframe is currently oscillating around a key support zone, while the 4H timeframe faces trendline resistance. The price repeatedly tests near 340, with fierce competition between bulls and bears. The 1H RSI (45.8) indicates neutral to weak momentum, but the EMA50 (337.64) provides support below. The current chart is at the end of a converging pattern, about to choose a direction.

🎯 Direction: Watch and wait ( Pending Orders )

⚡ Pending Order Strategy:

- Long Trigger: Price breaks above and stabilizes at 342.50 (Reason: Breaks 1H downtrend line and recent minor high).

- Short Trigger: Price effectively drops below 337.50 (Reason: Breaks 1H EMA50 and previous 1H candle low).

🎯 Entry / Pending Orders:

- Long Entry: 342.60 - 343.00 (Reason: Confirmed breakout, chase in).

- Short Entry: 337.00 - 336.50 (Reason: Confirmed breakdown, chase in).

🛑 Stop Loss:

- Long Stop Loss: 335.50 (Reason: Breaks key support zone and ATR lower band).

- Short Stop Loss: 344.50 (Reason: Breaks previous high and trendline resistance).

🚀 Target 1:

- Long Target: 349.50 (Reason: Previous high resistance and near 4H EMA20).

- Short Target: 331.00 (Reason: Previous dense trading zone and 4H EMA50 support).

🚀 Target 2:

- Long Target: 355.00 (Reason: 1.618 Fibonacci extension level).

- Short Target: 326.00 (Reason: Lower support zone).

🛡️ Trading Management:

- Position Size Suggestion: Light position (Reason: Direction unclear, moderate volatility, waiting for breakout confirmation).

- Execution Strategy: After any trigger, reduce position by 50% at Target 1, and move stop loss to entry price. If the price hits the moving stop loss in the opposite direction, exit at breakeven or slight profit.

Deep Logic: Market depth shows significant buy orders (340.19-340.39), while sell orders (340.42-340.61) are relatively sparse, indicating a slight buy advantage (depth imbalance 29%). However, open interest (OI) trend remains stable, with no signs of large bets from major players, as the market awaits a catalyst. The 1H buy/sell ratio hovers between 0.47-0.52, indicating balanced bullish and bearish forces. Combining with the 4H candles, the price remains in a high-level consolidation zone since the rebound on February 25, requiring a volume breakout to signal the next short-term move.

View real-time quotes 👇 $XMR

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