I have been tracking XPL for awhile now, and the wave-count's I've had for it has been ever-changing and so painful. Anyone who's been holding XPL I'm sure knows, but the only thing I hold spot is Zcash everything else I just try to get a cheeky leverage trade on here and there. And this one has burned me in the past, badly.
Selling pressure has been unrelenting, no thanks to their token unlocks that have happened at massive intervals. However, when things have swept to the 0.07 range buyers have always patiently stepped in. I suspect a violent repricing is close to occurring. Fully expect some form of failed bearish reclaim to happen that will sweep a lot of high leveraged longs before that happens though so either go in with a wide stop loss and a little or wait for the sweep. Trust me if you've watched this thing, there's almost always a sweep before a big move up.
Selling pressure has been unrelenting, no thanks to their token unlocks that have happened at massive intervals. However, when things have swept to the 0.07 range buyers have always patiently stepped in. I suspect a violent repricing is close to occurring. Fully expect some form of failed bearish reclaim to happen that will sweep a lot of high leveraged longs before that happens though so either go in with a wide stop loss and a little or wait for the sweep. Trust me if you've watched this thing, there's almost always a sweep before a big move up.
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