Monero is sitting on a major HTF level after a full cycle move. This is where patience matters.
Hereās what stands out:
ā¢ Price is back at a key value area with strong volume below
ā¢ Momentum has cooled after the blow-off top
ā¢ Moving averages are flattening signaling compression
ā¢ No clear higher high or higher low yet
This is a wait for structure zone.
If XMR holds and builds a base, this could shift into a higher timeframe reversal.
If it breaks down, there is room into the next demand.
This is where traders get chopped trying to predict.
Playbook:
ā¢ Reclaim and higher low for bullish bias
ā¢ Breakdown for continuation lower
ā¢ Let the market confirm direction
Monero is a patience trade here.
Takeaway:
The edge is not being first, it is being right.