| Level | Price | From price | Role |
|---|---|---|---|
| Prior month high (not retested) | 637.1 | +19.1% | calendar, sr |
| 2-TF resistance | 571.1 | +6.7% | confluent, sr |
| 3-TF resistance | 549.0 | +2.6% | confluent, golden pocket |
| Order block | 539.9 | +0.9% | order block, fib |
| Golden pocket | 530.0 | -1.0% | golden pocket, calendar |
| 2-TF support | 523.8 | -2.1% | bear target, calendar |
| Prior day low (not retested) | 513.2 | -4.1% | calendar, fib |
| Fib retracement | 505.3 | -5.6% | fib, read edge |
| Swing low | 491.5 | -8.1% | swing, read edge |
XMR is pulling back inside an uptrend — 523.8 is the floor that keeps the trend, and 549.0 is where it resumes. Bitcoin's daily chart is ranging — range edges have held more often than they have broken. What argues for higher: the uptrend is intact — this is a pullback inside higher highs and higher lows, and price is inside a bullish order block at 491.5–539.9. What argues for lower: the pullback itself is making lower lows on the small swings — the bigger swings still show higher highs and higher lows. Shorts are pressing a dip in an uptrend: shorts are crowded and still adding while price is drifting down toward the floor at 523.8 — the floor decides whether they are early or trapped. This is not a coin flip but one test: the 523.8 floor is where the crowded shorts are either proven right or trapped. Volume divergence — trend weakening. The decision sits between 2-TF support 523.8 and 3-TF resistance 549.0. So the uptrend is the frame: 523.8 holding keeps it intact, a close back above 549.0 restarts it, and a close below 523.8 breaks it.
The ceiling is 549.0 (3-TF resistance) — until price closes and holds above it, rallies keep running into the same sellers. 523.8 (2-TF support) holds the downside; it is the level that has to break for the bear case to work. Beyond the box, the next levels are 571.1 (2-TF resistance) above and 505.3 (Fib retracement) below.
This path is 48% and it starts with a close and hold above 549.0. That opens 571.1 (2-TF resistance) then 637.1 (Prior month high (not retested)). It fails on a close and hold below 523.8.
This path is 45% and it starts with a close and hold below 523.8. That opens 505.3 (Fib retracement) then 491.5 (Swing low). It fails on a close and hold above 549.0.
At 7%, price keeps rejecting both edges of 523.8–549.0 and the range holds.
A dip below 523.8 that closes back above it traps those shorts — that is the squeeze case, back toward 549.0. A close below 523.8 that holds, with open interest still rising, means the shorts were right and the move continues down. The way to get this wrong: shorting into 523.8 after the crowd already has — wait for the close below it, or for the dip that fails.
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