Don't bother. time for XMR mining was 2013.
Mine other coin and trade for XMR if you think it will raise further.
Good alternatives are LBRY (if Nvidia) or traditional ETH + 2nd coin combo if AMD
That is right. The mining difficulty for the Monero has also risen quite a lot recently. So it is not the most profitable.
The mining difficulty of Monero has dropped about 20% in the last 4 days. That is similar to the price drop.