Monero is still in the consolidation phase. Friends who haven't entered long positions from the lows can wait a bit longer. Currently, it is moving within a very clear short-term range, with the upper boundary already tested. From the chart pattern, it is more likely to continue oscillating within this range. There are two upcoming opportunities: either wait for the range top to pull back and confirm before going long, or enter in the short-term demand zone around $440. This price level is a good risk-reward point.
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Monero is still in the consolidation phase. Friends who haven't entered long positions from the lows can wait a bit longer. Currently, it is moving within a very clear short-term range, with the upper boundary already tested. From the chart pattern, it is more likely to continue oscillating within this range. There are two upcoming opportunities: either wait for the range top to pull back and confirm before going long, or enter in the short-term demand zone around $440. This price level is a good risk-reward point.