I'm bearish on BTC right now so that makes me bearish on XMR. Too many rejections at $300/btc. Coinbase lunar rejection. March/April rejection. Summer rejection.
It's funny how we see same things in different color. I don't see this current rejection as very strong one. More times we will test $300 less likely it is to hold. The bounce from 300 is each time slower and shallower. It doesn't seem like bears are in full control anymore.