XMR's current trend is indeed a bit delicate. The price has already broken below $500 and is currently finding support around $480—this level was previously a breakout point and also played a role during the rebound. But the problem is, it still wants to re-establish above the $560 trend support line, which it has failed to do.

Honestly, once the $560 support is lost, this upward trend is basically over. Before reclaiming this level, the market will likely follow one of two paths: either oscillate within the range or continue to decline. Even if it manages to regain $560 later, it doesn't necessarily mean it will hit previous highs again, but it will at least open the chance to test resistance above $600-$650. At that point, trend indicators will turn positive again. If it develops this way, the recent pattern is actually bullish.

What about the downside scenario? If the support at $480 is broken, the correction phase is far from over. In this case, the next liquidity target will most likely be in the $440-$460 range.

The ideal bullish roadmap is quite clear: first stabilize above $480 → regain the $560 trend support → push upward toward $650 → then challenge previous highs.

If you're still waiting for an opportunity to build a position now, the fluctuations between these key levels are basically just range-bound trading, with no real trend opportunities.