Technical analysis by MyTradingJournal6th about Symbol XMR: Sell recommendation (8/30/2025)

Context • Clear downtrend of lower highs. Price sits below the 200 EMA with an Ichimoku/EMA supply overhead. • Rising wedge broke down; price is bouncing back into the broken trendline and cloud. Levels • Resistance/short zone: 262–268 first, then 276–280. • Invalidation zone: 288–290 (above recent highs/200 EMA). • Supports/targets: 245–248, 235, then 215–220 (aligned with the 0.618 and prior demand). Plan • Entry after retest: If price tags 262–268 and stalls, consider short. • TP1: 240–245. • TP2: 215–220. • Stop loss: above 288–290. • Flip long only if price reclaims and holds above 290; then 305–310 becomes possible. Why this works • Trend down, RSI below 50, momentum rolling over on your panel, and prior sell reactions at the cloud/MA stack favor fade-the-retest until trend changes. Chart checklist Mark 262–268, 276–280, 288–290; supports at 245, 235, 215. Draw the broken wedge line and the descending trendline. Keep 20/50 EMAs and 200 EMA visible to confirm rejection or reclaim. Not financial advice.