I am suggesting to have another go to short XMR now and target 350, 320 and even 300 USD mark.
If this doesn't happen then I would stay off this pair for a while.
Don't you think that there will be a dip before the price goes up? Just to get a better price?
In normal circumstances, this sort of event should push the price higher, but it is not following this logic.
I think the problem is also that money is flowing out of the market at the moment.
I think that you will need someone BIG enough to intervene, that is why I am assuming that the price will go down.
If it goes below 350 USD, then it will likely hit 300 USD as well.
I want it to go up, but I just trade what I see.
If the whole market goes up then XMR will go up as well, if not then surely you will see 300 as well.
To me, it looks that there is a manipulative sell-off across the board to get a better price.
I read somewhere that it is because the Wall Street get their bonuses at this time of the year.
Normally from 15-17 Jan.