XMR: liquidity sweep before recovery toward $380

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XMR: liquidity sweep before recovery toward $380XMRUSDT Perpetual ContractBYBIT:XMRUSDT.P3CommasThe Macro Picture πŸ—ΊοΈ XMR spent May distributing under the $420 macro ceiling before rolling over into a sharp June flush that swept the $295 macro floor β€” a classic liquidity hunt that cleared out over-leveraged longs at the lows. Price has since reclaimed the $310 shelf and is now curling up from the $325 equilibrium, with RSI recovering back toward its midline. This is the structural reset the market needed: the weak hands are gone, the floor held, and the path of least resistance is tilting back toward the upper range. The Setup βš™οΈ The Reaction: The $295 macro support (solid green) absorbed the entire June capitulation and produced an immediate rejection higher. As long as daily closes hold above it, the recovery structure stays valid. The Accumulation Zone: The $310–$325 band is a textbook pocket for staggered, averaging-based entries β€” price is basing here after the sweep, offering a mechanical way to build a position while the recovery confirms rather than chasing a single entry. The Ceiling: The $380 local decision (red dashed) is the first real test. A reclaim there flips the broken structure and opens the door back toward the $420 macro shelf. The Roadmap: Primary target sits at $380 β€” the green roadmap points toward a steady grind back into the range as buyers defend the reclaimed floor. Invalidation: a sustained 1D close below $295 would void the recovery and trigger sell stops toward a deeper leg down. More setups in profile.