$XMR IS AT A DECISION POINT — AND THIS LEVEL DECIDES THE NEXT MOVE

After breaking down from the rising channel and collapsing from the ~$700 highs, $XMR has clearly shifted into a bearish structure.

This is no longer just a pullback.
The structure has changed.

Here’s what matters now:

1. $380–$400 = Critical Resistance
This zone is acting as the ceiling.
If price keeps getting rejected here, it confirms sellers are still in control and the downtrend remains intact.

2. Downside Targets: $300 → $270
Failure to reclaim resistance opens the path toward $300 liquidity.
If that level breaks, $270 becomes the next major support and likely magnet.

3. Invalidation Level: $420 Daily Close
A strong reclaim and daily close above $420 would invalidate the short-term bearish bias.
That would signal strength returning and potentially trap aggressive shorts.

Right now, this looks like a corrective bounce inside a broader downtrend.

Momentum favors the bears — but the reaction around $400 will decide everything.

Either continuation toward lower supports…
Or a sharp squeeze that flips sentiment fast.

I’m watching this zone very closely.