XPR - Proceeding With Caution

Is holding the area and that upper wicked candle may be part of a continuation pattern rather than a pull back.

This one depends on your appetite for risk.

If it breaks above the red 200MA then it will likely have a big pump.

But I dont like that upper wicked candle because it is a liquidity move and that increases the chance of a pull back.

If I check in and see that price is pressing up against the 200MA then I may re-enter a small position. I have an alert set on the 200MA.

But for now there is too much risk to want to buy this here also considering that my other coins are doing well.

Also considering that if it gets back to the 2.272 potential entry then that would be a 21% discount / loss from here.

This btw is a common mistake that I used to make; getting too greedy when things are starting to go well.

But there really is no need.

Its still not off the table that XPR is a waterfall chart and will in the end go lower.

So I will wait to see more.

If I miss it I lose nothing and have funds to allocate elsewhere 🤨.

...

On the 4 hour chart this bounce is a dicey ascending channel. Its not really what I am looking for to have confidence in a move up.

It could yet pump from a pattern like this but I would like to see a sideways re-accumulative pattern for an entry.

Because with this pattern you have the risk of sudden dump.

Not advice

Comment:

For you TrandingView guys to catch up we have identified that XPR has pivoted in the significant 2.272 Golden Window and that there is significant bullish divergence an the weekly RSI having risen from oversold for the first time.

We'll see how it goes, this may offer a re-entry opportunity soon.

Comment:

Coming down to the 1 hour chart, this limp ascending wave following a dump looks weak and may prove to be a bearish continuation pattern or show weakness for a later breakdown.