Here's what happened when $XPL spent nearly eight months stuck inside the same range.
Most people I talk to either FOMO the first green day or sit on the bag indefinitely hoping for a full recovery that rarely arrives. They never quite know when to cut it.
$XPL has been range-bound for almost eight months and we finally saw some decent movement today. A handful of us are holding spot into possible unlocks over the next few days that some are calling a bullish catalyst. The catch is that token unlocks in long consolidations more often create selling pressure than a clean breakout.
This is strictly a medium-term setup. Nobody should be pricing in a return to $1 anytime soon. The real danger is getting trapped in more chop while $BTC and $ETH keep making progress elsewhere.
Where do you think this goes from here?
#XPL #AltcoinSeason #CryptoTrading
Most people I talk to either FOMO the first green day or sit on the bag indefinitely hoping for a full recovery that rarely arrives. They never quite know when to cut it.
$XPL has been range-bound for almost eight months and we finally saw some decent movement today. A handful of us are holding spot into possible unlocks over the next few days that some are calling a bullish catalyst. The catch is that token unlocks in long consolidations more often create selling pressure than a clean breakout.
This is strictly a medium-term setup. Nobody should be pricing in a return to $1 anytime soon. The real danger is getting trapped in more chop while $BTC and $ETH keep making progress elsewhere.
Where do you think this goes from here?
#XPL #AltcoinSeason #CryptoTrading
