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Monero(XMR): We Will Sell Soon!

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XMRUSDT Perpetual Contract (BYBIT:XMRUSDT.P)  
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BYBIT:XMRUSDT.P   XMRUSDT Perpetual Contract
Trend Analysis Harmonic Patterns Chart Patterns BTC Bitcoin (Cryptocurrency) Relative Strength Index (RSI) bollingerbandstrategy retest Support and Resistance
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trendanalysis harmonicpatterns chartpattern btc bitcoin relativestrengthindex bollingerbandstrategy retest supportandresistance
The XMR/USDT market is displaying some dramatic price action. The recent sharp decline suggests a significant urge for downward movement. Despite these bearish liquidity moves we are having on the market, the price of XMR has re-tested the major resistance (which once was broken and we had a nice fakeout).

If this retest turns out to be a fakeout, it indicates that sellers are still in control, and we could expect further downside towards the $157.51 support level. This bearish scenario aligns with the recent drop and will be further substantiated if the price fails to reclaim higher levels soon.
Komen:
snapshot

Price is moving nicely below the resistance showing us a strength of sellers near that zone.
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