So, for starting I'm pretty pissed off at myself because I wasn't home and I couldn't swing this one, secondly I'm pissed off at myself because 3 days ago I sold expecting a dump but then I FOMOed and I rebought losing 4%.... but as this happens to me very often, my analysis wasn't wrong, it was just too early. I see things coming too early (I swear I'm not trying to brag) and it's also a bad thing because then I think my analysis isn't correct and instead.... I SHOULD WAIT!
HERE starts my real TA: as you can see the dump is almost close to the 0.786 which is were most of trends do a reversal. Even indicators show a slight change of the momentum, soon it will start going up again. Selling now means trying to catch a 5% when instead you risk to lose much more as it dumped over 20% since my wedge broke down. At this point you can either do as follows:
if you have bought XPR at higher price and have fiat to invest you can start buy again, I'd go 50% now and set a buy closer to 0.786 Fib line so that you lower your entry price;
if you don't have money (like me) and you already have XPR, then DO NOT SELL for any reason because this is going reverse soon;
if you don't have XPR at all and have money... follow my first point as well
From another point of view this drop is creating a falling wedge, I'll post something about tomorrow or the day after. Good luck
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I told you it was about to reverse! Congrats if you followed my advice of not selling.
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the week has just started, however my first impression is that we'll have another red weekly candle which I hope it'll be a reversal candle and then the XPR will start again going up.
its an interesting coin with a very good buy opportunity I have waited patiently after kucoin registration (to late didnt know it excist) its now time to bring the first bag and might it crack to 1.7 cent enter bag number 2 if it falls lower bag number 3
Yacinmkl
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what a beautiful expression !! hats off
jBobChernnobyl
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I know this feeling all too well of being right and then impatient! …Well done! But now (three days later) it’s sitting smack dab between a low and a high point… 🐻 💥 🐮
Shotokhan
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@jbobcryptnobull, I didn't pay too much attention on the fact I was right, I just pointed it out in my comment... that's it. Yesterday market was red so XPR was affected as well even though usually it doesn't follow market too much.
Smithswear
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@jbobcryptnobull I think XPR is still in its accumulation phase. But give credit to @Shotokhan for pointing out the fact that there’s a reversal, and obviously it did, just a second retest of the support zone again.
Shotokhan
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@Smithswear, I agree with you on the accumulation phase, it's normal to have it after a huge pump!
Smithswear
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@jbobcryptnobull If you observe carefully, you’ll discover we’re having higher lows now at the support zone.
akam_ahmadi
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Any update?
Shotokhan
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@akam_ahmadi, at 0.039 looks like it bounced back upwards. I'm waiting, I suggest not to sell nor to buy right now