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Monero recently experienced a sharp drop at the critical technical level of 791, and the decline was quite significant. I had a prediction for this level, but unfortunately, I didn't act in time, and watched the opportunity slip away. It was at this moment that I realized how much mindset and execution influence trading.
Many friends have already benefited from the decline this time. From a technical perspective, 791 is indeed a very strong resistance level. This drop also once again confirms the effectiveness of key support and resistance levels—the market always finds consensus at these points.
For those who didn't fully buy in, now is the time to clarify the subsequent direction. Will it rebound from the bottom or continue to probe lower? How the short-term trend develops depends on trading volume and whether the next support can hold. Instead of regretting, it's better to consider the next move. Opportunities in the market are always present; finding a trading approach that suits your rhythm is the key.