【$XMR Signal】Long! 1H stabilizes above EMA20, 4H approaching end of convergence and ready for trend reversal

$XMR The 1H timeframe is strongly consolidating above EMA20 (338.1), with the price refusing to undergo a deep correction. The 4H chart shows a triangle convergence nearing completion, with the latest 4H candlestick closing above 340, indicating bulls are attempting to take control. Open interest remains stable, and the price is slightly rising, suggesting funds are quietly accumulating rather than short-squeezing. The 1H RSI (57.15) is healthy, with upward space opening.

🎯Direction: Long (Long)

🎯Entry/Order: 341.5 - 342.0 (Reason: Strong area near current price, stabilizing above 1H EMA20 and the upper edge of the 4H candlestick body )

🛑Stop Loss: 336.5 (Reason: Break below 1H EMA20 support and previous 1H candlestick low )

🚀Target 1: 348.0 (Reason: Resistance at previous high on 4H level and near EMA50 )

🚀Target 2: 355.0 (Reason: 1.618 Fibonacci extension level, corresponding to a key rebound point from the previous decline )

🛡️Trading Management:

- Position size suggestion: Light (Reason: The overall 4H trend remains volatile; this is a convergence end breakout play )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2; if the price retraces and breaks below the average entry price, exit all.

Deep logic: Market depth shows massive sell orders stacked above 342.1 (25.486 XMR), which is a key resistance. Once volume breaks through, it will trigger short stop-loss orders, accelerating upward movement. The 1H EMA20 and EMA50 are about to form a golden cross, providing short-term support. Market logic indicates a price rise, combined with stable open interest, leaning towards main force protecting the market or building positions. The current strategy is to position before the breakout, with a risk-reward ratio >1.5, making it a good sniper opportunity.

Trade here 👇 $XMR

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