Monero: brave enough for a bounce? key levels to watch todayMonero. Who’s brave enough to touch the privacy bad boy after this liquidation candle? Recent headlines keep hammering privacy coins with more regulatory heat and talk of delistings, and the market clearly dumped first, asking questions later. Now price is sitting on a major 4H demand zone that last launched the big pump on this chart.
On the 4H, we just flushed into the 300 area with RSI buried in oversold and starting to curl up, hinting at bullish divergence. Volume profile shows a fat node above around 360 where a lot of bags changed hands, so any bounce has “magnet” potential. I’m leaning toward a short‑term relief rally rather than fresh lows right away, especially if sellers start to stall here.
My base case: hold 300 and we squeeze back into 345‑365, with a stretch target near 390 if momentum really clicks ✅. If 300 gives way on strong volume, the trap flips and I’ll look for continuation down toward 260‑270 instead. I’m waiting for a clear 4H reversal candle to join a bounce play here… and yeah, I might be wrong, but catching panic after forced selling is where some of the best trades are born.
