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Monero(XMR): We Will Sell Soon!

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BYBIT:XMRUSDT.P   XMRUSDT Perpetual Contract
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.
Commentaire:

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

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