【$XMR Signal】Waiting for a pullback, 1H overbought needs digestion

$XMR 1H level RSI soared to 78, initial signs of buying pressure gap. The 4H Bollinger upper band has been pierced, but the latest one-hour trading volume suddenly dropped, indicating the decline of active buying power. MACD across two cycles shows bullish divergence, but the histogram expansion slope is slowing down. Market depth imbalance reaches 18.6%, with sell orders clearly thickening.

The risk of chasing high at this position greatly increases, and the risk-reward ratio is not favorable. Wait for a pullback, place buy orders around 354.5, with a stop below 347.0. The first target is 370.6; once reached, reduce half of the position, then aim for the second target at 372.1.

The 4H level has just completed a strong breakout above EMA20 and EMA50, and the trend structure remains intact. But the extreme overbought condition on the 1H and volume divergence usually require a technical pullback to digest profit-taking. The funding rate of 0.04% is still healthy, with no signs of frantic shorting. If the price quickly stabilizes after pulling back to the 354-356 zone, it would be an ideal position for bulls to re-attack.

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