2026-01-20 02:23:56

The recent correction of XMR is nearing its end. Falling from the high of 800 to around 556, the correction cycle is basically complete, and a second wave is now beginning. Based on the retracement strength, the bulls still have momentum, and the overall trend leans bullish.

The suggested trading approach is as follows: enter with a small position, set the stop loss at 550, and consider entering around 590. The take profit target is initially set in the 650-680 range. However, be aware that a true bearish opportunity will only be confirmed when a double top pattern appears.

The trends of BTC and ETH are also worth monitoring, as the movements of these major coins often influence the overall market rhythm.

BTC-3,72%

ETH-7,15%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
7
Repost
Share

Comment

0/400

degenonymous

· 4h ago

Can the key level at 550 hold? I have a feeling this rebound is a bit fake.

View OriginalReply0

WalletAnxietyPatient

· 01-20 02:49

Holding the 550 level is crucial; otherwise, this rebound will be a false signal... Speaking of XMR, its adjustment range is indeed quite fierce, but the bulls are really strong. I am optimistic about the 590 entry point. In the end, it still depends on BTC's direction. When the mainstream coins shake, altcoins will follow and get hit, it's that simple. Let's wait until the double top truly appears before talking about a bearish trend. It's still too early to say now. I'll mark 650-680 for now, let's see how it goes.

View OriginalReply0

AirdropHermit

· 01-20 02:47

Damn, can’t this position at 550 really hold? It feels like it’s going to drop further.

View OriginalReply0

SilentObserver

· 01-20 02:47

Hmm, position 556 does have a bit of a vibe, but I still need to wait and see BTC's reaction before making a move.

View OriginalReply0

LiquidatorFlash

· 01-20 02:44

The 550 threshold must be strictly maintained. If it breaks, the liquidation risk will be immediately maximized... Keep the position light, but still keep your mental accounting in check.

View OriginalReply0

Deconstructionist

· 01-20 02:32

Can we really hold this 550 level? It feels like there might be another dip. This move in XMR seems a bit weak. Are the bulls really that strong? Is it really safe to enter at 590? I think I'll wait and see. Once BTC drops, even 650 will be just a dream. Before the double top appears, don't expect too much. The market isn't that simple. Just a light position to listen and observe; I'm afraid of getting stopped out.

View OriginalReply0

RugDocScientist

· 01-20 02:25

The 550 level is a bit uncertain. I think we should wait and see a bit more, and not rush to buy in.

View OriginalReply0