XMR: liquidity sweep before bullish moveXMRUSDT Perpetual ContractBYBIT:XMRUSDT.P3CommasThe Macro Picture πΊοΈ After the May breakout failed at the $425 local high and structure crumbled through every defended level, XMR has been dragged back into the prior accumulation range and now sits just above the $285 macro floor. The recent flush wick into $300 swept the liquidity layered below the original $310 box low β a textbook liquidity hunt that punished both sides of the trade in a single session. With RSI parked in the 40s and the macro floor still untouched, the post-blow-off accumulation structure is reasserting itself rather than breaking down. The Setup βοΈ The Sweep: Price violently flushed into $300 and recovered the same session, clearing out over-leveraged longs from the May breakout while trapping breakout-short traders below the $310 box floor. This is exactly the kind of liquidity pocket needed before structure can rebuild. The Reaction: RSI has slid into the 40s with momentum visibly draining, but no capitulation print on the daily β a structural reset rather than a trend-ending flush. Bulls are now defending the swept level, and the recovery wick on the flush candle reads as absorption, not panic. The Trigger: The $360 prior breakout shelf sits as the immediate reclaim zone. Bears are defending this overhead level, and clearing them above it would trigger buy stops layered into the $390 prior support flip β opening the path of least resistance back into the upper half of the accumulation range. The Roadmap: Primary target sits at $360 β a clean reclaim opens expansion toward the $390 prior support flip as the post-sweep recovery extends. Invalidation: a sustained 1D close below $300 would invalidate this bullish thesis and open the trapdoor toward the $285 macro floor test.